US President Donald Trump has signed an executive order banning transactions with eight Chinese software applications, escalating tensions with Beijing before President-elect Joe Biden takes office.
The order, first reported by Reuters, tasks the Commerce Department with defining which transactions will be banned under the directive and targets Ant Group's Alipay, Tencent Holdings Ltd's QQ Wallet and WeChat pay as well.
The move is aimed at curbing the threat to Americans posed by Chinese software applications, which have large user bases and access to sensitive data, the official said.
UAE outlines vision for low-emission hydrogen economy at World Hydrogen Summit
India, US discuss trade as Rubio cites progress on Iran conflict
ENOC signs deal with Allied Biofuels to explore sustainable aviation fuel supply
Mexico, EU sign stalled trade deal as they aim to diversify from US
Dubai announces 5% VAT on Salik, Parkin fees
