On September 24, 2018, the United States imposed US$200 billion of new tariffs on Chinese products as a result of the escalating trade war between the two countries. This is in addition to the US$50 billion worth of tariffs that already went into effect in August 2018. The results of these tariffs remain to be seen, but American consumers could very soon be paying more not only for big ticket items such as washing machines and cars but also for smaller everyday purchases such as clothing, beer, and cosmetics.
One industry that has already been greatly impacted by the growing trade rifts between China and the United States is the video surveillance market. In August 2018, the U.S. government passed and implemented the 2019 National Defense Authorization Act that bans the U.S. government’s use of Chinese state-owned video surveillance equipment from the manufacturers Dahua and Hikvision, as well as any of their subsidiary and affiliates. This ban comes as the U.S. government has continued to shift away from using foreign state-owned technology companies to avoid threats of cybe…
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