We are hearing from more and more people who are wired into Washington that the Meng Wanzhou arrest is just the tip of the iceberg.
The US Department of Justice is prepping a slew of legal actionsagainst Chinese individuals who have been involved in breaking sanctions and other crimes.
If tensions continue to escalate along these lines, then the diplomatic and business relations between China and the US – and China and other countries – will go into the freezer.
The situation is already affecting Canadian companies (SCMP):
“Canadian businesses operating in China are starting to feel the chill and the signing of one major deal has been postponed, a well-placed source said.”“’The consequences have already begun,’ said the source, noting that a Canadian firm had been due to ink a major agreement in the next few weeks.”“’The local partner, a Chinese private sector actor, has told the Canadian partner that now is not a good time to sign,’ said the source.”
This is worrying: US President Trump and other US officials have already made it clear that they see Meng’s arrest as part of the trade war.
What that means: If Meng's detention is just the beginning, then so is Michael Kovrig's.