https://sg.news.yahoo.com/china-canadas-detention-huawei-exec-013849178.html
Huawei is not ZTE in which the US can bully.
The Canadian PM had shot himself in the foot by arresting Huawei CFO without a valid reason. The diplomatic ties amongst the 3 countries (US, China & Canada) will be in the doldrums for the short period.
The Canadian PM was stupid to be dragged into this issue because he had put himself in a dire strait. There are only bad options for him to choose now.
If he continues to pursue the US's interest, Canada's economic growth will suffer and he can forget about the China-Canada FTA that he wants to sign. If he revokes the arrest, he will offend the US and the US will retaliate with more tax impositions on Canada. Furthermore, the new FTA (Mexico-US-Canada) may be in jeopardy if Canada revokes the arrest.
Can Canada forgo China's market by pursuing US's interest? I don't think so!
The Canadian PM should stay out of this issue in the first place but he didn't. He has to pay a big price now because he has only bad options to choose.
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1 comment:
It is so easy for China to cause a tremble in the stock markets.
Just summon the Canada and US envoys to protest against the arrest will cause the stock markets to fall heavily. Hahaha!
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