US President Donald Trump has signed an order banning US transactions with eight digital Chinese payment platforms including Ant Group’s Alipay in 45 days, when he’ll no longer be in office.
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The US commerce department issued order on Friday that will bar people in the US from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok.
China has denounced the US’s latest moves to curb Huawei’s access to commercially available chips, the latest blow in an increasingly tense relationship between the world’s two biggest economies.
The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its access to commercially available chips.
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chip makers, in an action that could ramp up tensions with China.
The world’s biggest contract chip maker said it plans to build a $12-billion factory in the US in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China.
A US proposal to further restrict sales to Huawei has encountered objections within the Trump administration and is being held up as officials debate whether the step could harm exporters.
US commerce secretary Wilbur Ross said new rules are coming soon that will put more limits on US companies supplying China’s telecommunications leader Huawei Technologies.
The US government is weighing new limits on sales of chips and other vital components to China’s Huawei Technologies, sparking another furious round of lobbying by technology companies.
Microsoft got a licence to do business with Huawei, a step that lets the software giant continue selling some of its most important products to a Chinese company that was blacklisted by the US government.