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Media Report
May 22 , 2019
  • The Washington Post reports, "The Trump administration is considering blacklisting another major Chinese technology company in a move that would broaden a U.S. campaign to sever China's access to American know-how and inflame a deepening trade conflict, according to an individual familiar with the debate. Though no final decision has yet been reached, the administration is preparing to move against Hikvision, the world's largest maker of video surveillance technology, the person said, speaking on the condition of anonymity. The deliberations were first reported by the New York Times. The disclosure comes less than a week after the administration barred U.S. companies from supplying Huawei Technologies, perhaps China's most prominent manufacturer, without first obtaining a U.S. government license. The administration earlier this week relaxed the ban, saying it would grant temporary 90-day waivers for U.S. companies to help Huawei maintain its existing networks."
  • Reuters reports, "The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Washington this month hiked existing tariffs on $200 billion in Chinese goods to 25% from 10%, prompting Beijing to retaliate with its own levies on U.S. imports, as talks to end a 10-month trade war between the world's two largest economies stalled. U.S. President Donald Trump, who has embraced protectionism as part of an 'America First' agenda aimed at rebalancing global trade, has threatened to slap tariffs of up to 25% on an additional list of Chinese imports worth about $300 billion. 'There won't be any decision probably for another 30 to 45 days,' Mnuchin said in a hearing before the U.S. House of Representatives Financial Services Committee." 
  • The New York Times reports, "Boeing is facing compensation claims from the three biggest airlines in China, which have grounded dozens of 737 Max jetliners since the deadly crash of an Ethiopian Airlines flight in March. The airlines, Air China, China Eastern and China Southern, which are all state controlled, said on Wednesday that they had asked for payouts, confirming reports in state-run news media. Xiamen Airlines, a smaller carrier, also said it would seek compensation. The four airlines accounted for about half of China's fleet of nearly 100 737 Max 8 jetliners in service when Chinese regulators grounded the plane less than a day after the March crash. The move was quickly followed by regulators around the world, underscoring China's growing influence in aviation safety."

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