China Summons US Ambassador, Threatens "Further Action" Over Huawei Arrest

China Summons US Ambassador, Threatens "Further Action" Over Huawei Arrest

Update: Amid escalating tensions and stern words from both sides (China warning both Canada and the US over Huawei CFO's arrest, warning of "retaliation" and "further action", with the US countering with "hard deadlines" and concerns of "predatory behavior"), US futures have tumbled at the open, back below Thursday's pre-panic-bid lows.

The minister said U.S. actions have violated the “legitimate rights and interests of Chinese citizens and are extremely bad in nature,” according to a posting on the ministry website. “China will take further action based on the U.S. actions.”

The second official warning in 24 hours marks a sharp escalation in Beijing's rhetoric as investors - still weary from Wednesday's S&P futures flash crash after news of her arrest first hit - worry that the arrest could crush the unstable trade detente between the US and China, resulting in even more aggressive tariffs. As a reminder

50 %

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Last Edited by Dangerous Times on 12/10/2018 06:13 AM