The U.S. administration is considering Huawei-like sanctions on Chinese video su...
SHANGHAI - 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 United States has accused Huawei of activities contrary to national security, a charge Huawei denies. However, this week the Trump administration granted the firm a license to buy U.S. goods until Aug. 19 to minimize disruption for customers. “The chips Hikvision uses are very commercial and most of the suppliers are actually in China,” she said, but added the company had not been informed of any possible U.S. blacklisting.Bloomberg, citing people familiar with the matter, reported the U.S. government was deliberating whether to add Hikvision, security equipment maker Zhejiang Dahua Technology and several other unidentified firms to a blacklist.China says opposes U.S.
China’s foreign ministry on Wednesday urged the United States to provide a fair environment for Chinese firms, in the wake of reports Hikvision could be blacklisted. Jefferies analyst Rex Wu downplayed the impact of a possible ban on Hikvision, saying the United States accounted for roughly 5% of the company’s sales.
FILE PHOTO: Visitors walk near the stall of the Hikvision Digital Technology Co. at the Security China 2018 exhibition on public safety and security in Beijing, China October 23, 2018. REUTERS/Thomas Peter/File Photo
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