White House’s Meadows: Trump administration is studying national security risks of TikTok, WeChat and other apps

Anil Panchal FXStreet

Early Thursday morning in Asia, White House Chief of Staff, Mark Meadows, crossed wires, via Reuters. The Trump administration member suggested that the officials are analyzing national security risks emanating from foreign apps.

Key quotes

Trump administration is studying national security risks of TikTok, WeChat and other apps that risk allowing a foreign adversary to gather information on Americans.

Action on this issue is likely in weeks, not months.

FX implications

This could offer a pause to the market bulls that recently cheered on vaccine hopes. As a result, S&P 500 Futures mark mild gains of 0.20% by the press time.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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