Quick News Bit

U.S. Republican senators slam release of Huawei’s Meng By Reuters

0
2/2

© Reuters. FILE PHOTO: U.S. Senator Marco Rubio (R-FL) questions U.S. Secretary of State Antony Blinken during a Senate Foreign Relations Committee hearing to examine the United States withdrawal from Afghanistan, on Capitol Hill in Washington, District of Columbia,

2/2

WASHINGTON (Reuters) – U.S. Senator Marco Rubio said on Saturday the release of Huawei’s finance chief raised serious questions about President Joe Biden’s ability to confront the threat posed by the technology giant and the Chinese Communist Party.

Rubio, in a text message to Reuters, called on the Biden Administration to brief Congress urgently on the issue.

Huawei Chief Financial Officer Meng Wanzhou returned to China on Saturday after reaching an agreement with U.S. prosecutors on Friday to end the bank fraud case against her.

“The release of Ms. Meng raises serious questions about President Biden’s ability and willingness to confront the threat posed by Huawei and the Chinese Communist Party,” said Rubio. “We have already seen how the administration’s single-minded focus on climate is causing them to downplay genocide. This is just another example of the Biden Administration’s dangerously soft approach towards Beijing.”

A spokesperson for the White House was not immediately available.

Meng was arrested https://www.reuters.com/article/us-usa-china-huawei/top-huawei-executive-arrested-on-u-s-request-clouding-china-trade-truce-idUSKBN1O42S1 at Vancouver International Airport on a U.S. warrant, and indicted on bank and wire fraud charges for allegedly misleading HSBC in 2013 about the telecommunications equipment giant’s business dealings in Iran. She spent more than 1,000 days under house arrest in Canada.

The deal was also criticized by Republican Senator Bill Hagerty, who told Reuters it was more capitulation to China.

“I’m very concerned that this appears, that it could be more appeasement from the Biden Administration, more capitulation,” said Hagerty, a former ambassador to Japan. “Huawei is an aggressive predatory company. It’s backed by the Chinese Communist Party. We have given up leverage today.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment