Washington:US President Donald Trump on Monday sounded an optimistic note about this week’s negotiations with China to end the trade war between the two global economic super powers, adding that he would not be satisfied with a partial deal.The move by the US Commerce Department could deepen divisions between Washington and Beijing at a critical juncture in their 15-month trade war that has roiled financial markets and triggered a slowdown in the global economy.Another flashpoint has been a widening controversy over a tweet from a US National Basketball Association official. His backing of Hong Kong democracy protests was rebuked by the NBA, sparking a backlash.
Trump and his top economic adviser, Larry Kudlow, spoke in generally upbeat terms about this week’s discussions with China, the first such high-level talks in more than two months, but Trump insisted he would not be satisfied with a partial deal.US officials said the announcement was not tied to this week’s resumption of trade talks with China. Being added to the “Entity List” bars companies or other entities from buying parts and components from US companies without US government approval.The Commerce Department previously added Huawei Technologies Co and more than 100 affiliates to the Entity List.
Hikvision, officially known as Hangzhou Hikvision Digital Technology Co Ltd, with a market value of about $42bn, calls itself the world’s largest video surveillance gear maker. Reuters reported in August Hikvision receives nearly 30% of its 50 billion yuan ($7 billion) in revenue from overseas.