How big a problem is Huawei?

At the diplomatic level most definitely and that could deliver a market shock if it goes badly. Via NYT:

As President Trump was arranging a trade truce with President Xi Jinping of China in Buenos Aires over dinner on Saturday night, his administration was coordinating the arrest of a top Chinese technology executive who was flying through Canada.

White House officials, including John R. Bolton, the national security adviser who attended the dinner with Mr. Trump and Mr. Xi, knew of the impending arrest. So did a leading Senate Republican and Democrat. But it is unclear whether Mr. Trump knew of the arrest. And Mr. Xi was apparently never told at the dinner.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.