Will the US Impose a Ban on Hikvision After Huawei? - Forex News by FX Leaders

Will the US Impose a Ban on Hikvision After Huawei?

Posted Wednesday, May 22, 2019 by
Arslan Butt • 1 min read

The US-China trade tensions show no signs of abating. The dust has not yet settled after the US imposed a ban on Huawei, and there are already rumors that the US government has found its next target.

According to news reports, the US is considering sanctions on Chinese video surveillance company Hikvision just like the restrictions on Huawei. If this does happen, this would only lead to further flare-up of tensions between US and China in the ongoing trade war.

The US intends to restrict Hikvision from purchasing technology from US companies without special approvals from the government. However, Hikvision remains undaunted so far on these rumors.

The company maintains that it will be able to switch to non-American suppliers to ensure there is no disruptions in its supply chain and operations. So far, there has been no official comment on this news from either the US government or from Hikvision.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments