Trump signs executive order blocking transactions with Alipay, WeChat Pay, and six other Chinese apps
President Trump has signed a new executive order prohibiting transactions with the companies behind eight Chinese apps, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay. Transactions will be prohibited in 45 days. Reuters was the first to report the news.
The full list of apps includes: Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office.
US Commerce Secretary Wilbur Ross confirmed that the Commerce Department will “begin implementing the E.O.’s directives, including identifying prohibited transactions.” Reuters reports that the Commerce Department will do so before Trump leaves office on January 20th, citing an unnamed official.
The new orders follow two earlier ones from August that…