US-China Trade War Update: US to Blacklist Hikvision? - Forex News by FX Leaders
Trump is Doing His Best to Spook Markets

US-China Trade War Update: US to Blacklist Hikvision?

Posted Monday, May 27, 2019 by
Arslan Butt • 1 min read

It’s the start of a new week, and the US-China trade war continues to remain in focus. The latest we’re hearing is that the US is set to blacklist Hikvision, one of the global leaders in video surveillance products, just like it did Huawei.

If the US goes ahead with this, the company may experience challenges in acquiring American components. American companies interested in pursuing business with Hikvision will need special government licenses to sell technology to the Chinese company. This is in line with the Trump administration alleging that China uses companies’ technology to spy on other governments, businesses and individuals.

Hikvision, on its part, has stated that it has been engaging with the US government since October 2018 to allay its concerns and has even hired a human rights expert for additional guidance. Supposedly, Hikvision’s surveillance camera systems are powered with artificial intelligence (AI) technology that could be used for facial recognition.

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
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments