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

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.

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