On Thursday, President of the United States, Donald Trump authorized executive orders banning TikTok and WeChat from the US if they are not sold by their Chinese-owned parent companies in 45 days.
In the next 45 days, the executive orders takes effect for each app.
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Trump in the first executive order labels TikTok “national emergency“ claiming it “automatically captures vast swaths of information from its users,” such as location data and browsing and search histories, which “threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information, potentially allowing China to track the locations of Federal employees and contractors, build dossiers of personal information for blackmail, and conduct corporate espionage.”
TikTok’s order forbids after 45 days “any transaction by any person, or with respect to any property, subject to the jurisdiction of the United States, with ByteDance Ltd.”
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In the case of WeChat, the order noted that it will prevent financial transactions with Chinese based Tencent.
The order states “any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd. (a.k.a. Téngxùn Kòngg? Y?uxiàn G?ngs?), Shenzhen, China, or any subsidiary of that entity, as identified by the Secretary of Commerce (Secretary) under section 1(c) of this order.”
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Donald Trump on Monday noted that he would set September 15 as the deadline Tiktok to search for a US buyer and help with the selling of TikTok’s US services to Microsoft.
Source: Ghgossip.com
