President Trump Signs Executive Order Banning Chinese Apps Including WeChat Pay, Alipay
Yesterday, Reuters reported that the executive order is “aimed at curbing the threat to Americans posed by Chinese software applications,” arguing that “the United States must take ‘aggressive action’ against developers of Chinese software applications to protect national security.” Thus, the Commerce Department is tasked with defining what transactions will be banned under the executive order within 45 days. It specifically targets the following apps based out of China:
- Alipay
- QQ Wallet
- WeChat Pay
- CamScanner
- SHAREit
- Tencent QQ
- VMate
- WPS Office
It is possible, however, that if the Commerce Department acts quick enough, we could see some retaliation from China in the coming weeks. Hopefully, it will not affect computer component prices, as we saw with the tariff exemption expiration the other day. In any case, let us know what you think of the executive order to block Chinese app transactions in the comments below