So, the US is supposed to just ignore it when Chinese companies violate the Iran sanctions with impunity? China wasn’t even party to Obama’s BS “deal” with China, which had no backing in law in the first place. It went away with the stroke of Trump’s pen just as it came into existence with one from Obama’s. If Huawei wants to violate international law they should be ready to face the consequences.
And this impacts the value of companies because?
I don't see in the article that a violation of international law is alleged. Is the violation of a US Sanction a violation of international law?
UPI reports: "Meng, 46, faces "unspecified charges in the Eastern District of New York..."
The Guardian reports:
For the first time in the history of the UN, the United States – a permanent member of the security council with veto power – is engaging in penalizing nations across the entire world; not for violating a security council resolution, rather, for abiding by it. The resolution in question, UN security council resolution 2231, was authored (including by the US itself) and passed unanimously by the council.
Now, if we want to penalize Huawei by restricting importation of products/services from Huawei (and we have) that is logical.
But, it seems wrong to be arresting a foreign national in third county violation of US law. Why should Canada do this? Read more: https://www.upi.com/Top_News/World-News/2018/12/05/US-seeks-Huawei-CFOs-extradition-in-violation-of-Iran-sanctions/9751544056772/#ixzz5YwRMx56h https://www.theguardian.com/commentisfree/2018/aug/08/donald-trump-sanctions-iran-international-law
US sanctions are not international law.
If China imposes sanctions on another country, we do not have to abide by them.