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Trump's WeChat ban could prevent US companies from doing business in China

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President Trump's threat to ban WeChat has already upset millions of users who depend on the app as a lifeline to family and friends in China. But it could also become a major headache for US companies doing business there

The executive order, issued earlier this month, would prohibit Americans and US firms from"any transaction that is related to WeChat" — a significant escalation of the tech war between Washington and Beijing that has already resulted in sanctions and threats against other Chinese companies, including TikTok and Huawei.

" But those reports are little comfort to many businesses, according to Gibbs, the AmCham Shanghai president. The business organization has 3,000 members from 1,500 firms, including Fortune 500 companies and small- and medium-sized enterprises. "We're not reassured at all, and we're not hearing from the government at all," he said."For US companies in China, losing the ability to use the WeChat platform could literally be an existential threat.

 

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After President Trump initiated an investigation in Chinese acts and policies related to technology, the investigation found that China directs and unfairly facilitates investments and acquisitions to generate large-scale technology transfers from US companies to Chinese entities

Little by little he's cutting us apart, he wants control of all media!

Wow once again you protect the Chinese Communist party and the threats against us. They must own you.

They can just use WhatsApp.

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Trump ban on WeChat would hit U.S. business revenues, survey saysThe White House's executive order on messaging app WeChat would have a significant negative impact on revenues for companies in China subject to U.S. jurisdiction, according to a survey released Wednesday by the American Chamber of Commerce in Shanghai.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »