Consider the arrest last week of Meng Wanzhou, the CFO of Huawei, the world’s largest telecom equipment manufacturer. While flying from Hong Kong to Mexico, Ms. Meng was changing planes in the Vancouver International Airport airport when she was suddenly detained by the Canadian government on an August US warrant. Although now released on $10 million bail, she still faces extradition to a New York City courtroom, where she could receive up to thirty years in federal prison for allegedly having conspired in 2010 to violate America’s unilateral economic trade sanctions against Iran.

Although our mainstream media outlets have certainly covered this important story, including front page articles in the New York Times and the Wall Street Journal, I doubt most American readers fully recognize the extraordinary gravity of this international incident and its potential for altering the course of world history. As one scholar noted, no event since America’s deliberate 1999 bombing of China’s embassy in Belgrade, which killed several Chinese diplomats, has so outraged both the Chinese government and its population. Columbia’s Jeffrey Sachs correctly described it as “almost a US declaration of war on China’s business community.”