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Apple, Ford, Goldman Sachs and others want to stop the US from banning WeChat

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This week, representatives from Apple, Ford, Goldman Sachs, Intel, Morgan Slidan, Procter & Gamble, United Parcel Service Inc and others took part in a video conference with the White House.

Many large American companies that do business with China have publicly opposed the possible ban on the popular Chinese messenger WeChat, owned by Tencent Holdings Ltd.

This week, representatives from Apple, Ford, Goldman Sachs, Intel, Morgan Slidan, Procter & Gamble, United Parcel Service Inc and others took part in a video conference with the White House, in which they talked about the potential impact of the WeChat ban on their businesses.

Apple, Ford, Goldman Sachs and others want to stop the US from banning WeChat

The main idea is that the WeChat ban could severely weaken the position of these companies in the world’s second largest economy. Recall that the decree signed by Donald Trump prohibits any transactions related to WeChat. It should come into force shortly.

Previously, numerous analysts said that blocking WeChat could negatively affect Apple’s iPhone sales in the Chinese market. In particular, Ming-Chi Kuo said that annual shipments of iPhones could fall by 25-30% if Apple were forced to remove WeChat from its app stores around the world.

Source: Mydrivers

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