President 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.
Stewart Baker, the former general counsel at the National Security Agency, said the additional order targeting TikTok will serve as"an assurance" that the administration can pressure an American company to acquire the app, or the app will be banned altogether from the U.S.
"The other executive order is untested in the courts. The law there isn't settled," Baker said on Friday."This new order is different because it comes from CFIUS, where there is clear statutory procedures to do what it just did." The committee investigates acquisitions involving foreign companies that may pose national security risks. For months, it has been probing ByteDance's takeover of American lip-syncing app Musical.ly in 2017. The merger led to a new company, TikTok, which has emerged as the first Chinese-owned app to find global success.
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