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Trump Bans Transactions With Ticket Owners | Israel today

2020-08-07T09:05:31.277Z


| United StatesThe US President's administrative order will apply to American companies and citizens • The sweeping ban on business contacts with Chinese society will take effect within 45 days Trump vs. Tiktok Photo:  AFP US President Donald Trump tonight (Friday) imposed a sweeping ban on US deals with Chinese corporation BateDance, the owner of the tic-tac-toe app, and communications company Tencent. The...


The US President's administrative order will apply to American companies and citizens • The sweeping ban on business contacts with Chinese society will take effect within 45 days

  • Trump vs. Tiktok

    Photo: 

    AFP

US President Donald Trump tonight (Friday) imposed a sweeping ban on US deals with Chinese corporation BateDance, the owner of the tic-tac-toe app, and communications company Tencent. The ban will take effect within 45 days during a move that increases tensions against Beijing. Following the order, the Chinese company’s share value fell four percent this morning. 

According to the Reuters news agency, the administrative order came at a time when the Trump administration announced this week that it intends to purge unreliable Chinese apps from the digital network, describing the Wi-Chat and Tic-Tuck apps as "significant threats."

The order comes under a law that gives the government the power to ban U.S. companies or citizens from trading or contacting those subject to sanctions. 

"Tic-Tac" is one of the most popular apps today, and has been criticized by U.S. lawmakers and the Trump administration over allegations of data collection from users. 

Source: israelhayom

All news articles on 2020-08-07

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