Rhythm Of Your Heart
Saade Boodam
Nima Abbasi
Listen To Radio Shoma 93.4
Listen Live

Trump signs order banning transactions with eight Chinese apps

Wednesday, 6 January 2021 09:10

By REUTERS

iStock [illustration]

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. 

Share

More from Business

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

News

Our Shows

Quick Links

Listen on the Go

  • Available on the App Store
  • Available on Google Play

© 2025 ARN and Aiir. All Rights Reserved.