September 04, 2020 at 08:56AM
President Donald Trump’s administration is looking into banning more Chinese apps that could pose a national security threat, White House chief of staff Mark Meadows said late Thursday. He made the comments to reporters on board Air Force One, according to a pool report, but did not mention specific apps that could be blocked.
The remarks echo those Meadows recently made, including last month when he said the administration was looking at banning apps “that might collect personal information and have potential national security risk,” Reuters reported. Washington has led a campaign against Chinese technology giants from Huawei to ByteDance. The Trump administration has alleged Huawei and other Chinese technology companies could collect American user data and hand it to Beijing, a claim several firms have denied.
Currently Oracle as well as a team of Microsoft and Walmart are bidding to buy part of TikTok’s business. The deal, which could be worth between $20 billion to $30 billion, was expected to be closed this week. But late on Friday, China updated a list of technologies subject to export restrictions which it hasn’t touched in over a decade. The amended list included technologies for “recommendation of personalized information services based on data analysis.”
It’s not just the U.S. that has gone after Chinese technology firms. India banned 118 Chinese-linked apps this week, citing national security concerns. Geopolitical tensions between India and China have been on the rise over the disputed Himalayan mountain border in the region of Ladakh. In June, a border clash between the two nations left 20 Indian soldiers dead.
U.S. is looking at banning more Chinese apps over national security as TikTok sale stalled, CNBC, Sep 4
From: The FxPro News Team https://fxpro.news/daily-forex-outlook/u-s-is-looking-at-banning-more-chinese-apps-20200904/
Selected by fonecable.com
- Australian Dollar Capped by Falling Iron Ore Demand Ahead of Inflation Data
- NEWS: The Gamestop rip crystalizes a new era in the stock market. Six lessons January 22, 2021 at 10:09PM
- NEWS: ForexLive Americas FX news wrap: US PMIs blow away expectations January 22, 2021 at 10:04PM
- NEWS: US equity close: Mixed picture in US equities January 22, 2021 at 09:12PM
- NEWS: CFTC Commitments of Traders: Euro longs inch higher January 22, 2021 at 08:44PM