The U. S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world
SHANGHAI (Reuters) – The U. S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world’s top two economies could be further inflamed.
The restrictions would limit Hikvision’s ability to buy U. S. technology and American companies may have to obtain government approval to supply components to the Chinese firm, the New York Times reported on Tuesday.
The United States stuck Huawei Technologies on a trade blacklist last week, effectively banning U. S. firms from doing business with the world’s largest telecom network gear maker, in a major escalation in the trade war.
The United States has accused Huawei of activities contrary to national security, a charge Huawei denies. However, this week the Trump administration granted the tech giant a license to buy U. S. goods until Aug. 19 to minimize disruption for its customers.
Huawei says it can ensure a steady supply chain without U. S. help. A Hikvision executive echoed a similar sentiment on Wednesday but told Reuters that the company had not been informed of any possible U.
