US prosecutors are seeking to have Meng Wanzhou, the Chief Financial Officer of Huawei, extradited to face allegations of deceiving banks about the company's operations in Iran, potentially violating US sanctions. Meng, the daughter of Huawei's founder, was arrested in Vancouver on Dec 1 and maintains her innocence, stating she will fight the charges if extradited to the US. The bail hearing has been postponed to Tuesday to further discuss the issue of who will take responsibility for Meng if she is released, with her lawyer proposing her husband as surety. The judge and the public prosecutor raised concerns about Meng's husband's ability to fulfill his duty since he does not reside in British Columbia, where Vancouver is located, and would not face consequences if she violated her bail conditions. Meng's arrest has caused turmoil in markets due to fears that it could worsen tensions between the United States and China, which are already high due to tariffs. Both countries have agreed to trade negotiations that must be finalized by March 1. Beijing has demanded Meng's immediate release and warned of "consequences" for Canada, but officials from both China and the US seem to be avoiding connecting her arrest to the trade dispute. Meng's attorney proposed offering C$14 million in property equity and C$1 million in cash as a guarantee, while the public prosecutor requested half of the guarantee to be 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 may have been to avoid arrest. Martin argued that Meng stayed away due to the "hostile" attitude towards Huawei in the US, prompting him to ask 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 she were to escape or violate any orders, it would not only be embarrassing for herself but also for China. Meng initially seemed calm and collected in court, smiling and walking with her lawyer. However, as the day progressed, she became more nervous, talking quickly and gesturing as she spoke with her legal team. She has requested to be released due to her severe hypertension and concerns for her health. Huawei is the leading provider of telecommunications network equipment globally and the second largest producer of smartphones, generating approximately $92 billion in revenue last year. Despite being a major Chinese technology company, Huawei conducts a significant portion of its business internationally. US authorities claim that Huawei attempted to utilize banks to transfer funds out of Iran, which is prohibited as companies are not allowed to use the US financial system to support sanctioned entities. Huawei and its legal team maintain 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 track of the bail hearing scheduled for tomorrow. They believe that both the Canadian and US legal systems will come to a fair decision.