The global smart home market is now predicted to total $101 billion in 2020, down from Omdia’s previous forecast of $120.6 billion. 

Today the U.S. president decided to delay planned tariff increases and reduce some additional tariffs on Chinese products as part of an initial deal with China. 

A criminal complaint was unsealed in a Brooklyn federal court today charging Aventura Technologies, a New York-based surveillance and security equipment company, and seven current and former employees, with selling Chinese-made equipment with known cyber security vulnerability to government and private customers, while claiming the equipment was made in the U.S. 

Yesterday, on Oct. 7, the Bureau of Industry and Security of the Department of Commerce announced that it will add 28 Chinese governmental and commercial organizations — including Hikvision and Dahua, two of the largest video surveillance manufacturers in the world — to the Entity List for engaging in or enabling activities contrary to the foreign policy interests of the United States. 

Panasonic announced that it will establish a new company to operate its security systems business in Japan and overseas, and that it has reached an agreement for strategic co-investment with Polaris Capital Group. 

At the direction of President Trump, the Office of the U.S. Trade Representative (USTR) announced an increase on the rate of additional duty imposed since September 2018 on approximately $200 billion in goods imported from China, from the current 10 percent to 25 percent.