Huawei arrest seen keeping US-China LNG spat alive

The arrest of a top Chinese technology executive means the tariff war that ensnared liquefied natural gas may not have reached a cease-fire, according to the developer of a US project to export the fuel, Bloomberg reported. Liquefied Natural Gas Ltd has been cautioned by prospective Chinese buyers of supply from the terminal it plans to build in Louisiana “that things are not resolved” on the trade front, chief executive officer Greg Vesey said in an interview on Friday. The potential purchasers’ comments came after Canada said the US is seeking to extradite Huawei Technologies Co chief financial officer Wanzhou Meng over potential violations of sanctions on Iran. The snag comes just days after Chinese officials were said to have started preparing to resume imports of US LNG and soybeans as President Donald Trump touted a breakthrough in talks between the two nations.