Business

Hikvision may join Huawei, in the US ban list of Chinese firms…

Share it:

Hikvision Technology which offers audio-visual equipment that can be used for surveillance was explicitly quoted in a letter to Trump’s top authorities last month, signed by more than 40 lawmakers.

The  U.S. presidency is viewing deadlines to Chinese video surveillance firm Hikvision’s value to acquire U.S. technology- escalating distress concerning trade frictions amid the earth’s two giant economies.

The transit would definitely put Hikvision on a U.S. blacklist and U.S. companies may have to obtain government permission to supply components to Hikvision, the report said.

Last week, The U.S. Commerce Department barred Huawei Technologies from purchasing U.S. goods.

Dramatically banning U.S. companies from doing business with the Chinese firm, a major intensification in the trade war, stating Huawei was committed in actions hostile to national security.

The company audio-visual bearing company, Hikvision and Dahua Technology, designs audio-visual equipment that can be used for surveillance was explicitly quoted in a letter to Trump’s top lawyers last month, signed by not less than 40 lawmakers.

READ:  Don't Choose 'Violent' Games From Walmart Stores

The lawmakers expressed that, China’s activities in its western region of Xinjiang may enact crimes against humankind” and pushed closer U.S. export controls to guarantee that U.S. companies are not aiding the Chinese government’s crackdown there.

The team of signatories was led by U.S. Senator Marco Rubio and U.S. Representative Chris Smith on the Republican side and on the Democratic side was Senator Bob Menendez and Representative James McGovern.

China has suffered increasing conviction from Western capitals and rights groups for establishing types of equipment that U.N. experts call as mass retention centers carrying more than 1 million ethnic Uighurs and other Muslims.

The opening share price of Hikvision was 10% lower.

The White House did not respond instantly to a call for answering on the statement. Hikvision could not be quickly contacted for an explanation.

Share it:

About the author

Avatar

Lisa Durant

Lisa has been a freelance journalist who has worked for various print magazine online. After years of spent working in the field of journalism, she took a plunge and founded Asap Land sharing the latest news bulletins from the field of Business and Technology as well as general headlines. She writes mostly the General US Headlines and Business News.

Add Comment

Click here to post a comment