US prosecutors are seeking the extradition of Chief Financial Officer Meng Wanzhou to face allegations of deceiving multinational banks about Huawei's involvement in a company in Iran, potentially causing the banks to violate US sanctions. Meng, the daughter of Huawei's founder, was arrested in Vancouver on Dec 1. She maintains her innocence and plans to challenge the accusations in court if she is extradited to the US. The judge in a bail hearing postponed the decision until the next day to further discuss who will be responsible for Meng if she is released. Meng's lawyer proposed a C$15 million bail guarantee and offered her husband as surety to ensure she does not flee. However, the judge and prosecutor raised concerns about Meng's husband's ability to fulfill this responsibility since he is not a resident of British Columbia, where Vancouver is located, and would not face consequences if she violated her bail conditions. The arrest of Meng has caused turmoil in the markets amid fears that it could worsen tensions between the United States and China, particularly in light of the ongoing tariff disputes. Trade negotiations between the two countries must be completed by March 1, but Beijing has demanded Meng's immediate release and warned of potential repercussions for Canada. Despite this, Chinese and US officials seem to be avoiding directly connecting her arrest to the trade conflict. Meng's attorney proposed offering C$14 million in property equity and C$1 million in cash as security. The prosecutor insisted on half of the guarantee being in cash and half in property. During the proceedings, the judge questioned Meng's avoidance of travel to the United States since 2017, suggesting it was to evade arrest. Martin argued that the negative attitude toward Huawei in the US was the reason for her reluctance to travel there. He urged the court to consider what reason Meng would have to flee. Martin stated that the evidence against her was not very strong. He mentioned that if Meng were to escape or violate any orders, it would not be an exaggeration to say that she would bring shame to China. Meng seemed calm and confident in court in the morning, but later in the day she appeared more tense as she discussed with her legal team. She is requesting to be released due to her severe hypertension and concerns about her health. Huawei is the top provider of telecommunications network equipment globally and the second largest producer of smartphones, generating approximately $92 billion in revenue last year. In contrast to other major Chinese tech companies, Huawei conducts a significant portion of its business outside of China. US authorities claim that Huawei attempted to utilize banks to transfer funds out of Iran, which is prohibited under US sanctions laws. Huawei and its legal team have maintained that the company adheres strictly to all relevant laws, regulations, and sanctions imposed by the United States and other jurisdictions. The company stated on Monday that they will keep monitoring the bail hearing tomorrow and have full trust in both the Canadian and US legal systems to come to a fair decision.