Reply To: It’s War !!!
October 2026 › Forums › General discussion › It’s War !!! › Reply To: It’s War !!!
A Trade War POW?
Huawei, the Chinese telecommunications giant, was charged with a series of crimes by the US on Monday, in an escalation of hostilities between the world’s biggest economic powers. The US justice department said Huawei had based its global expansion on “lies and deceit”. It accused the firm and its executives of stealing trade secrets, laundering money, obstructing justice and defrauding banks to elude US sanctions. Matthew Whitaker, the acting attorney general, said criminal offending at Huawei went “all the way to the top of the company”. He announced that grand juries in Seattle and New York had issued indictments on 23 criminal charges.
Kirstjen Nielsen, the US homeland security secretary, said Huawei had operated a scheme that had been “detrimental to the security of the United States” by undermining sanctions against Iran. The company and its chief financial officer, Meng Wanzhou, are also accused of defrauding banks and lying to the US to get around economic sanctions on Iran. She is accused of personally making a presentation to a “major banking partner” in which she “repeatedly lied” about the company’s relationship to the subsidiary, Skycom. They claimed to have sold an Iranian subsidiary but had actually sold it to themselves.
The charges are likely to raise tensions between China and the US amid a trade war between the world’s two biggest economies. They were unveiled shortly before trade talks between American and Chinese officials were due to resume.
