Trump to block U.S. downloads of TikTok, WeChat on Sunday


The Commerce Department announced Friday morning that it would ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday.

The announcement comes as President Donald Trump is expected to announce Friday whether or not the government will approve a deal for Oracle to take a minority stake in TikTok and become a “trusted technology partner” for the company in the U.S.

It’s unclear if the Commerce Department’s announcement means there’s no possibility of a deal going through before the Sunday deadline, and it could be an aggressive move from the Trump Administration to push for its original intention for TikTok to be fully owned by a U.S. company.

“At the President’s direction, we have taken significant action to combat China’s malicious collection of American citizens’ personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S. laws and regulations.” Commerce Secretary Wilbur Ross said in a statement Friday.

Friday’s announcement from the Commerce Department appears to be enforcing Trump’s original executive order from August 6 that gave TikTok 45 days to sell its U.S. business to a U.S. company or face a ban in the U.S. WeChat, which is one of the most popular social messaging apps in the world, is owned by the Chinese company Tencent. TikTok’s parent company is the Chinese company ByteDance.

The Commerce Department’s statement on Friday said that U.S. companies would be banned from distributing WeChat and TikTok, meaning the two major mobile app stores run by Apple and Google would have to remove the apps from their libraries.

This is breaking news. Please check back for updates.



Source link

Discover

Sponsor

Latest

Shares of furniture retailer Herman Miller soar 35% as home office sales surge

Herman Miller Aeron chairSource: Herman MillerShares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company...

Many Need Follow-Up Colonoscopy and Don’t Know it

By Robert Preidt             ...

Biden leans into working class roots to draw a contrast with Trump

WASHINGTON – Joe Biden embraced his blue collar roots and his political centrism on Thursday night during a town hall hosted by CNN in...

Analysts think shares of stocks like Apple and Square can go higher

DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts.Darren McCollester | Getty ImagesStocks...

Startup factory Rocket Internet to delist

Oliver Samwer, CEO and founder Rocket Internet, on the floor of the Frankfurt Stock Exchange in October 2014.Arne Dedert | picture alliance via...