Status: Contextual analysis of live event stream.
Meng Wanzhou was arrested in Canada over alleged Iran sanctions violations
Resolution: She was eventually released after a deal with the US, but the incident heightened US-China tensions
The US banned the export of advanced chips to China, citing national security concerns
Resolution: China responded by accelerating its domestic chip production and seeking alternative suppliers
Chinese telecom giant ZTE was fined and had its US operations suspended over violations of US export controls
Resolution: The company paid the fine and implemented reforms, but the incident showcased the risks of non-compliance in international trade