US weighs blacklisting five Chinese video surveillance firms | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

US weighs blacklisting five Chinese video surveillance firms

INTERNATIONAL – The US is considering cutting off the flow of vital American technology to five Chinese companies including Megvii, widening a dragnet beyond Huawei to include world leaders in video surveillance as it seeks to challenge China’s treatment of minority Uighurs in the country’s west.

Chinese offshore yuan erased earlier gains after Bloomberg’s report. Shares of Hikvision and Dahua plunged in Shenzhen after the New York Times first reported on the potential ban. Both companies have been accused by human rights groups of facilitating Beijing’s persecution of the Uighurs, a Muslim ethnic group, in the western region of Xinjiang. The Trump administration however has held off on taking action because of sensitive trade negotiations with China, the people said.

The latest threat will elevate fears in Beijing that President Donald Trump’s ultimate goal is to contain China, triggering a cold war between the world’s biggest economies. In addition to a trade fight that’s rattled global markets, Washington has pressured allies and foes alike to avoid using Huawei for fifth-generation networks that will power everything from self-driving cars to robot surgery, forming the backbone of a modern economy.

In a draft letter to Trump dated May 22, Republican Senator Ted Cruz of Texas argued that exporting technology to the Chinese companies not only runs “counter to the foreign policy of the United States, but the stated values of the American companies” involved in the deals.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 46. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

US unhappy with SA's decision to extradite Mozambican ex-finance minister | IOL NewsThe US expressed disappointment with Pretoria's decision to send home former Mozambique finance minister Manuel Chang.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »