Tech firms worry af­ter exec ar­rested

Houston Chronicle - - BUSINESS -

The ar­rest of a high-pro­file Chi­nese ex­ec­u­tive has amped up jit­ters among U.S. tech­nol­ogy com­pa­nies al­ready fret­ting that a trade war be­tween the two coun­tries could hurt busi­ness.

Af­ter Huawei Tech­nolo­gies Co. Chief Fi­nan­cial Of­fi­cer Meng Wanzhou was ar­rested in Canada at the be­hest of the U.S., there were signs that U.S. com­pa­nies were start­ing to re­con­sider send­ing ex­ec­u­tives to China for fear of re­tal­i­a­tion.

Un­con­firmed so­cial me­dia re­ports said that Cisco Sys­tems Inc. is re­strict­ing nonessen­tial travel by U.S.-based em­ploy­ees into China. The San Jose, Cal­i­for­nia-based maker of com­puter net­work­ing gear told Bloomberg an email was sent to some em­ploy­ees in er­ror and that nor­mal busi­ness travel to China con­tin­ues.

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