In an order released late Friday, President Donald Trump warned of 'credible evidence' that ByteDance 'might take action that threatens to impair the national security of the United States.'
Treasury Secretary Steve Mnuchin said in a statement that an"exhaustive review" concluded that the deal should be unwound.
"As we've said previously, TikTok is loved by 100 million Americans because it is a home for entertainment, self-expression, and connection. We're committed to continuing to bring joy to families and meaningful careers to those who create on our platform for many years to come," the company said in a statement to USA TODAY.
Last week, Trump issued an executive order that would ban U.S. transactions with ByteDance and with Tencent’s WeChat in 45 days.
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President Trump orders ByteDance to divest from its U.S. TikTok business within 90 daysPresident Donald Trump issued an executive order Friday that will force China's ByteDance to sell or spin off its U.S. TikTok business within 90 days.
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Trump: TikTok Must Be Sold In 90 Days, Cites 'Credible Evidence' Of Security ThreatPresident Trump has ordered TikTok's parent company, ByteDance, to sell its U.S. assets in 90 days, stating American authorities have 'credible evidence' the Chinese tech giant could take action to imperil national security.
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Trump demands TikTok's owners sell the app and destroy all data in 90 daysAn executive order issued by President Donald Trump on Friday forces TikTok's Chinese owners to sell the app's U.S. interests and destroy data it has collected from users within 90 days.
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