What you need to know
- U.S. companies are lobbying against an executive order targeting WeChat.
- Apple, Ford, and Walmart were all on a call with the White House on Tuesday.
- Companies are worried it could undermine their competitiveness in China.
More than a dozen U.S. companies have told White House officials they are worried an executive order targeting WeChat will undermine their competitiveness in China.
U.S. companies whose fortunes are linked to China are pushing back against the Trump administration's plans to restrict business transactions involving the WeChat app from Tencent Holdings Ltd. saying it could undermine their competitiveness in the world's second-biggest economy.
According to the report, "more than a dozen" major US multinational companies including Apple, Ford, Walmart, and Walt Disney took part in a call with White House officials on Tuesday. Other participants include Intel, Goldman Sachs, and Morgan Stanley.
President of the U.S.-China Business Council Craig Allen said: "For those who don't live in China, they don't understand how vast the implications are if American companies aren't allowed to use it. They are going to be held at a severe disadvantage to every competitor"
Beyond lobbying against the order, the call was in part to establish the exact meaning of President Trump's order, a key aspect of which is the ambiguous nature of prohibiting "any transaction that is related to WeChat."
Companies including Apple could stand to lose out big time depending on the scope of the WeChat ban, Apple analyst Ming-Chi Kuo recently stating a ban could cause worldwide iPhone shipments to fall by as much as 30% in a worst-case scenario. You can read the full report here.
We may earn a commission for purchases using our links. Learn more.
FAQ: TikTok & WeChat ban — why it’s happening and what it means for you
Are TikTok and WeChat really being banned? When does all of this take effect? Will I still be able to use these apps? All this and more answered in our FAQ regarding the latest U.S. orders.
WeChat ban has been blocked by U.S. District Court
The Trump administration's ban on WeChat was set to go into effect today, but a U.S. district court judge just blocked it.
Plan your day with Hour Blocks and its amazing iOS 14 Home screen widgets
Planning your day is no fun but sometimes you find an app that goes some way to making it less boring. Hour Blocks does a decent job and it looks lovely, too.
Pick the best Eufy RoboVac for you with our handy guide
Eufy makes some pretty compelling robotic vacuums and there are a lot to choose from. With a vast difference between the lower end, more affordable models and the smarter, connected, high end options, there are many factors to consider when deciding which model would be best for your household. We have compared the best of Eufy's RoboVac range here so you can find the right one for you.