Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Share Post: Reddit Facebook
Trump bans US transactions with Chinese-owned TikTok and WeChat
#1
Quote:Donald Trump has issued a pair of executive orders that would ban any US transactions with the Chinese companies that own TikTok and WeChat, saying the US must take “aggressive action” in the interest of national security.

Executive orders issued late on Thursday would prohibit “any transaction by any person, or with respect to any property, subject to the jurisdiction of the United States,” with the companies, beginning in 45 days.

The video-sharing app has come under fire from US lawmakers and the Trump administration over national security concerns. TikTok’s parent company ByteDance faces a deadline of 15 September either to sell its US operations to Microsoft or another US firm or face an outright ban.

Sources previously told Reuters that ByteDance executives valued all of TikTok at more than $50bn.
( Continue Reading Article ).
Reply
#2
[Image: Ci5vS9T.jpg]
Reply
#3
https://www.reuters.com/article/us-usa-t...SKCN2572Y8
Reply


Possibly Related Threads…
Thread Author Replies Views Last Post
  Trump Administration to Ban TikTok and WeChat From U.S. App Stores Imran 0 2,521 09-19-2020 , 09:13 AM
Last Post: Imran
  Three things to know about TikTok’s forced US takeover Imran 0 2,892 08-30-2020 , 05:51 PM
Last Post: Imran
  Twitter 'looking' at a possible TikTok tie-up Imran 0 1,112 08-11-2020 , 04:57 PM
Last Post: Imran

Forum Jump:


Users browsing this thread: 1 Guest(s)