President Trump's threat to ban WeChat has already upset millions of users who depend on the app as a lifeline to family and friends in China. But it could also become a major headache for US companies doing business there
The executive order, issued earlier this month, would prohibit Americans and US firms from"any transaction that is related to WeChat" — a significant escalation of the tech war between Washington and Beijing that has already resulted in sanctions and threats against other Chinese companies, including TikTok and Huawei.
" But those reports are little comfort to many businesses, according to Gibbs, the AmCham Shanghai president. The business organization has 3,000 members from 1,500 firms, including Fortune 500 companies and small- and medium-sized enterprises. "We're not reassured at all, and we're not hearing from the government at all," he said."For US companies in China, losing the ability to use the WeChat platform could literally be an existential threat.
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