Donald Trump bans deals with 8 Chinese apps

The White House vows aggressive actions amid national security threats

Photo: AP Donald Trump

US President Donald Trump has signed an executive order that halts transactions with eight Chinese apps. The blacklist includes the popular payments platform Alipay, as well as QQ Wallet and WeChat Pay.

The order, which will take effect in 45 days, says that the arguments for the ban are related to potential a threat to US national security, BBC said. The executive order further notes the possibility that the listed apps might be used to track and build records of US federal employees.Tencent QQ, CamScanner, SHAREit, VMate and WPS Office are among the ones included in the list.

"The United States must take aggressive action against those who develop or control Chinese connected software applications to protect our national security," the order said. It also says "by accessing personal electronic devices such as smartphones, tablets, and computers, Chinese connected software applications can access and capture vast swaths of information from users, including sensitive personally identifiable information and private information."

The Trump administration has ratcheted up pressure on Chinese companies in its final months in office, including those it considers a national security risk.President Trump has signed executive orders against a range of Chinese firms arguing they could share data with the Chinese government.

Chinese social media app TikTok and telecoms giant Huawei have been among the casualties of Washington's massive crackdown. Last month, the Commerce Department added dozens of Chinese companies, including the country's top chipmaker SMIC and drone manufacturer DJI Technology, to a trade blacklist. The administration also restricted a number of Chinese and Russian companies with alleged military ties from buying sensitive US goods and technology. China has consistently denied claims that these firms share their data with the Chinese government and has responded by imposing its own export laws restricting the export of military technology. In August, the US ordered ByteDance, the owner of social media app TikTok, to either shut down or sell off its US assets.

Similar articles

  • JPMorgan freezes CEO annual pay at $31.5m

    JPMorgan freezes CEO annual pay at $31.5m

    The CEO of the US biggest investment bank JPMorgan Chase Jamie Dimon will not receive the expected raise of his annual pay as the bank’s board decided to keep his total revenue at 2019 levels, Reuters reported. JPMorgan to a great extend managed to avoid mounting losses linked to the Covid-19 pandemic.

  • Morgan Stanley beats profit forecasts

    Morgan Stanley beats profit forecasts

    The investment bank Morgan Stanley announced better than expected financial results, Reuters said. Profits surged in the fourth quarter of 2020 beating experts’ predictions. Morgan Stanley also confirmed plans to buy back $10 billion worth of shares this year, after the Federal Reserve allowed major banks to resume doing so in December.