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Disney, Apple, Walmart, and nearly a dozen other companies called the White House on Tuesday, according to the Wall Street Journal. According to the report, the goals are to clarify President Donald Trump's order to "ban any WeChat-related transaction" (owned by Chinese company Tencent) and to encourage the administration to "end the order Implementation over time to narrow down "coming weeks," according to anonymous sources.
President Trump's Executive Order targeted the popular TikTok social media app along with WeChat. However, analysts have warned of the particular risk facing American companies that a WeChat ban would pose. WeChat is one of the most popular messaging apps in the world, with well over a billion users worldwide, most of whom live in China. Warn experts that a WeChat ban could seriously limit the competitiveness of American companies at the current level in the Chinese markets. For example, iPhone sales could fall by 30% in the event of a ban. According to an Apple analyst.
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Other attendees, according to the report, included representatives from Ford, Proctor & Gamble, MetLife, Intel, Goldman Sachs, Morgan Stanley, United Parcel Service, Merck & Co. and Cargill.
Disney, Apple, Tencent, and the White House did not immediately respond to requests for comment.
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