Trump’s Blacklist Could Hit Some Unusual Suspects
Any potential ban would be crippling for China’s surveillance giant, Hikvision. But it risks targeting international firms, too.
Keep an eye out.
Source: Bloomberg/BloombergFor China’s surveillance giant, the future has been looking bleak for a while now. The Trump administration’s escalating war on the country’s tech sector is only making things worse – and the net is widening.
The U.S. is now considering blacklisting one of Beijing’s national industrial-technology champions, Hangzhou Hikvision Digital Technology Co., among four other Chinese spy-tech firms. The restrictions, similar to those imposed on Huawei Technologies Co. last week, would curb Hikvision’s ability to buy American technology and access the U.S. market. The limits not only further President Donald Trump’s attempts to cut off China’s rise in global technology, but also punish the company’s role in the surveillance and alleged mass detention of Uighurs, a Muslim ethnic minority group in the western region of Xinjiang. The news sent investors fleeing from the stock, a foreign-investor favorite in recent years.