TRUMP ORDERS CHINESE OWNER OF TIKTOK TO SELL US ASSETS
President Donald Trump on Friday (Saturday, August 15, 2020 in Manila) gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States, the Associated Press (AP) reported.
Trump’s executive order said there is “credible evidence that leads me to believe that ByteDance … might take action that threatens to impair the national security of the United States.” Last week, he ordered sweeping but vague bans on dealings with the Chinese owners of TikTok and the messaging app WeChat, saying they are a threat to US national security, foreign policy and the economy.
It remains unclear what the TikTok orders mean for the app’s 100 million US users, many of them teenagers or young adults who use it to post and watch short-form videos. Trump on Friday also ordered ByteDance to divest itself of “any data obtained or derived” from TikTok users in the US. Microsoft is in talks to buy parts of TikTok.
TikTok said it spent nearly a year trying to engage in “good faith” with the US government to address these concerns. “What we encountered instead was that the Administration paid no attention to facts, dictated terms of an agreement without going through standard legal processes, and tried to insert itself into negotiations between private businesses,” the company’s statement said.