The U.S. announced Monday it was charging Chinese telecom giant Huawei and its chief financial officer Meng Wanzhou with bank fraud and stealing trade secrets. The U.S. is seeking Meng’s extradition from Canada, where she is out on bail after her December arrest. The bank fraud charge is related to Huawei subsidiary Skycom, which is alleged to have violated U.S. sanctions in Iran. The indictment comes amid ongoing trade negotiations between the U.S. and China, whose tariff truce will expire in March if no deal is made.