Trump signed an executive order that would ban Alipay and WeChat Pay?
A senior U.S. government official said President Donald Trump signed an executive order on Tuesday banning transactions related to multiple software applications in China, including Alipay under the Ant Group. This will lead to heightened tensions between the US and China.
According to the executive order, the ministry of commerce was asked to clarify which transactions would be banned under the order, targeting Tencent’s QQ wallet and WeChat Pay. The decree was first reported by Reuters.
The official said the move was aimed at curbing the threat posed to Americans by Chinese software applications. Chinese software applications have a huge user base and can obtain sensitive data.
White House executive orders targeted Alipay, CamScanner、QQ wallets, SHAREit、 Tencent QQ、VMate、 WeChat Pay and WPS Office”.
A U.S. official said the executive order gave the Commerce Department 45 days to move, but it plans to confirm a ban on the transactions by January 20.
A Trump administration ban on any deal could face legal challenges, as the Commerce Department banned deals with WeChat and TikTok by federal judges.
Another official said the order was like Trump’s previous move to ban some deals between WeChat and Chinese applications such as TikTok. These prohibitions were rejected by United States courts.
Commerce Secretary Wilbur Ross said in a statement that he supported Trump’s “commitment to protect American privacy and security from threats from China .”
Earlier, Trump signed an executive order on August 6 last year, saying that mobile apps and WeChat posed a threat to U.S. national security and would prohibit any U.S. U.S. individuals or entities from making any transactions with the overseas version, WeChat and its Chinese parent company 45 days later.