mo4ch:>Dow plunges 700 points after Huawei exec's arrest, fears grow over US-China trade relations | Mo4ch News

The Dow Jones fell more than 700 points on Thursday, as news broke of Huawei CFO Meng Wanzhou’s arrest and planned extradition to the US. The drop brings the Dow’s 2-day losses to 1,500 points.Meng was arrested in Vancouver, Canada, on Sunday, and now faces extradition to the United States. The charges against Meng - the daughter of the telecoms company’s founder - remain unknown, but could relate to a possible violation of sanctions against Iran.The Huawei executive’s arrest comes at a critical time for US-China relations. Both countries have been locked into a trade war for much of the year, and only agreed last weekend to restart discussions. President Trump has agreed to postpone planned tariff hikes on Chinese goods, while China has pledged to purchase a “very substantial” amount of American produce and curb the export of deadly opioid Fentanyl to the US in exchange.Representatives from both countries now have just short of 90 days to negotiate, unless the timeframe is extended o…