Economics
Huawei Probe Adds to U.S.-China Trade Tension Ahead of Talks
- FBI, Treasury, Commerce looking at Huawei sales to Iran
- Chinese company facing mounting pressure in U.S. market
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News of a broad U.S. investigation of Huawei Technologies Co. over possible Iran sanctions violations adds to the tension over trade as senior U.S. officials head to China in the coming days in hopes of a deal.
U.S. Treasury Secretary Steven Mnuchin, who’s expected to be accompanied by U.S. Trade Representative Robert Lighthizer, will be arriving in Beijing seeking an accord that would keep the U.S. from imposing tariffs on as much as $150 billion in Chinese imports. China has vowed to retaliate with duties on everything from U.S. soybeans to airplanes.