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Trump signs the TikTok sales decree

2020-08-07T09:08:26.160Z


Sanctions for companies that will continue to do business with social media (ANSA)American President Donald Trump has signed a decree that obliges China's ByteDance to sell its stake in TikTok's US operations. Any company that continues to do business with TikTok in 45 days - said Trump - will be subject to sanctions. For its part, TikTok threatens legal action in the United States against the order signed by the tycoon.  The decree, which also concerns another popular app own...


American President Donald Trump has signed a decree that obliges China's ByteDance to sell its stake in TikTok's US operations. Any company that continues to do business with TikTok in 45 days - said Trump - will be subject to sanctions. For its part, TikTok threatens legal action in the United States against the order signed by the tycoon. 

The decree, which also concerns another popular app owned by the Chinese Tencent, WeChat, justifies the restrictions for reasons related to national security. Any type of transaction with TikTok and WeChat by any person or entity under US jurisdiction is prohibited within 45 days. All transactions carried out within 45 days were excluded from the sanctions, a way to allow the conclusions of the possible agreement for the sale of TikTok to Microsoft.

Beijing condemns Donald Trump's decision. It is an act of "manipulation and political repression," says the Chinese government. Responding to a question about it, during a press conference, Chinese Foreign Ministry spokesman Wang Wengbin accused Washington of "placing its selfish interests above market principles and international rules". The United States. he added, "they carry out arbitrary political manipulations and repressions, which can only lead to their moral decline and damage to their image". Ed claimed that the spying charges of American users have no evidence.

Source: ansa

All life articles on 2020-08-07

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