Trump Bans US Transactions With Chinese Owners Of TikTok and WeChat

As you can see above, the executive order on Bytedance said that ‘’the spread in the United States of mobile applications developed and owned by companies in the People’s Republic of China…continues to threaten the national security, foreign policy, and economy of the United States. At this time, action must be taken to address the threat posed by one mobile application in particular, TikTok.”

According to Forbes, TikTok said ‘’We are shocked by the recent Executive Order, which was issued without any due process.” and ‘’This Executive Order risks undermining global businesses’ trust in the United States’ commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth,” they added. 

And according to TechCrunch, a Tencent spokesperson said they are reviewing the order to get a full understanding.

What do you think?