Trump issued an order barring U.S. transactions with TikTok's parent in 45 days, pressuring an American company to buy the app's U.S. operations
WASHINGTON—President Trump signed an executive order on Thursday that effectively sets a 45-day deadline for an American company to purchase the U.S. operations of TikTok, calling the popular Chinese-owned video-sharing app a national and economic security threat.
Once that period is up, the order bars people in the U.S. or people subject to U.S. jurisdiction from making any transaction with Beijing-based ByteDance Ltd., TikTok’s parent. The order formalizes Mr. Trump’s earlier calls for shutting down TikTok should Microsoft...
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