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Monday, May 27, 2019

US-China Trade War Update

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.

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