The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world's top two economies could be further inflamed. The restrictions would limit Hikvision's ability to buy U.S. technology and American companies may have to obtain government approval to supply components to the Chinese firm, the New York Times reported https://nyti.ms/2MfgBS3 on Tuesday. The United States stuck Huawei Technologies on a trade blacklist last week, effectively banning U.S. firms from doing business with the world's largest telecom network gear maker, in a major escalation in the trade war.
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