Huawei Ruling Crushes Hope China May End Canola Feud With Canada
- Court decision puts chill on resumption of exports, RBC says
- China suspended licenses of shippers in 2019 amid tensions
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Optimism that China may end its yearlong trade spat with Canada over canola imports is fading after a court ruling against a Huawei Technologies Co. executive in Vancouver.
A judge ruled Wednesday that extradition proceedings may continue against Meng Wanzhou, Huawei’s chief financial officer. That has dampened hopes that the Asian nation may reinstate export licenses of Canadian canola shippers before farmers harvest a new crop this fall, said Tony Tryhuk, the branch manager of an RBC Dominion Securities office in Winnipeg, Manitoba.