The orders will take effect on September 20, but will likely be challenged in court.
President Trump signed a pair of executive orders on Thursday that will prohibit Americans from doing business with ByteDance, the company that owns TikTok, and a similar order that bans transactions involving WeChat, a social messaging app, with its owner, Tencent, beginning September 20, in an effort to bar the China-owned social media platforms from the U.S. due to national security concerns....
where he will visit a Whirlpool factory on August 6, 2020 in Washington, DC. After the visit to the factory he will attend a fundraising reception and then head to his properties in New Jersey for the weekend. Both orders are set to take effect in 45 days unless the companies are sold, though the orders will likely be challenged in court.
Microsoft is in talks to purchase TikTok, a deal that Trump says he would support after initially expressing disapproval, and the two sides are hoping to complete a deal by September 15, which is before the 45 day deadline.
TikTok had moved to distance itself from its Beijing-based owners, ByteDance, as it fell into the Trump administration’s crosshairs, hiring an American CEO and launching a U.S.-based job initiative.
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