If the latest reports are accurate, this is *not* good. Remember, there are trillions at stake and Wall Street has spent hundreds-of-million on behalf of multinational interests lobbying to keep the current status with China unchanged.
There’s a deep financial motive within this dynamic to stop President Trump from resetting the trade relationship with China. Additionally, Canada is aligned in self-interest with Wall Street and Trump’s adversaries toward the same goal.
Apparently National Security Adviser John Bolton was aware the CFO of Huawei was going to be arrested in Canada. However, President Trump was kept out of the loop.
WASHINGTON (Reuters) – U.S. President Donald Trump’s national security adviser, John Bolton, said in an interview with National Public Radio that he knew in advance about the arrest of a top executive of the Chinese technology giant Huawei Technologies Co Ltd [HWT.UL], according to an NPR reporter on Thursday.
Bolton said he did not know if the president was aware in advance of the arrest of Meng Wanzhou in Canada on Saturday, the day Trump struck a 90-day truce on trade in a meeting with Chinese President Xi Jinping in Argentina, NPR reporter Steve Inskeep said in a tweet.
“I knew in advance. That is something we get from the Justice Department,” the tweet quoted Bolton as saying. (read more)
Here’s the alarming (if true) aspect:
WASHINGTON (Reuters) – President Donald Trump did not know about a U.S. request for the extradition of Huawei’s chief financial officer from Canada before he met with Chinese President Xi Jinping over dinner last weekend, a White House official said on Thursday.
Huawei Technologies Ltd’s CFO Meng Wanzhou, the daughter of the company’s founder, was arrested in Canada on Dec. 1 and faces extradition to the United States. The United States has been looking since at least 2016 into whether Huawei violated U.S. sanctions against Iran. (read more)
So while President Trump was sitting down with Chairman Xi to negotiate the framework of their ongoing trade discussions; Bolton knew a very geopolitical arrest, that would directly impact the relationship, was about to take place…. And he did not inform President Trump?
If true this is concerning because the Deep State would like nothing more than to scuttle any possible trade reset between the U.S. and China; and Canada would be more than willing to assist therein.
Canada benefits from the status quo. Canada exploits their access to the U.S. market as part of their overall economic model. Canada brokers Asian manufactured goods through their country, and assembles some parts into finished products therein. This skirts any countervailing duties imposed on the originating Asian nation by the U.S. This exploitation has been very lucrative for Canada.
Additionally, the Wall Street multinationals and the U.S. Chamber of Commerce have paid U.S. politicians to allow maximum benefit to Chinese manufacturing. The Big Club is opposed to President Trump; there are trillions at stake.
If Bolton knew of the location of a landmine that could have serious damage to the efforts of Trump’s economic team, and he kept it hidden, he could have intentionally positioned President Trump’s policy toward China for maximum collateral damage.
Must watch this closely.
Suspicious cat needs more information.