Maybe this is still a healthy correction, and not the first sign of coming recession. But jeez.
This detention of the Huawei exec could be a rather major escalation...the Chinese may well see it as an insult to their honor. I don't really understand how the United States has jurisdiction here...presumably she can't be charged for violating US laws, because she is a Chinese national not covered by the sanctions. It doesn't make sense, based on what we know so far.