Corporate America worries WeChat ban could be bad for business: WSJ

10Views

August 13, 2020

U.S. companies whose fortunes are linked to China are pushing back against the Trump administration’s plans to restrict business transactions involving Tencent Holdings Ltd’s WeChat app, the Wall Street Journal reported on Thursday.

More than a dozen major U.S. companies raised concerns in a call with White House officials on Tuesday about the broad scope and impact of Trump’s executive order targeting WeChat, set to take effect late next month, the report added.

The companies said action against the app could undermine their competitiveness in the world’s second-biggest economy, according to the report.

Apple Inc, Ford Motor Co, Walmart Inc and Walt Disney Co were among those participating in the call, the Journal reported citing people familiar with the situation. (https://on.wsj.com/2E2BCM4)

Other participants in the call included Procter & Gamble Co, Intel Corp, MetLife Inc, Goldman Sachs Group Inc, Morgan Stanley, United Parcel Service Inc, Merck & Co Inc and Cargill Inc.

Also Watch

China- Pak Economic Corridor (CPEC): A Corridor Of Deceit? | The Right Stand | CNN News18

The companies did not immediately respond to Reuters requests for comment.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f3560b1046bae25c91d98a5
[youtube_id] => oqQgLMbqe8E
Corporate America worries WeChat ban could be bad for business: WSJ => China- Pak Economic Corridor (CPEC): A Corridor Of Deceit? | The Right Stand | CNN News18
)

[1] => Array
(
[id] => 5f355f49046bae25c91d9813
[youtube_id] => tIuRuL6mH0c
Corporate America worries WeChat ban could be bad for business: WSJ => India- China Faceoff: What Will Thaw The Himalayan Freeze? | Debrief | CNN News18
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c778c2f2492e214960&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-10T15:52:02.000Z&publish_max=2020-08-13T15:52:02.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Corporate America worries WeChat ban could be bad for business: WSJ

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.