The Commerce Department announces it will ban U.S. business transactions with China-owned social apps WeChat and TikTok on Sunday.
U.S. President Donald Trump speaks during a signing ceremony for the U.S.-China "phase-one" trade agreement in Washington, D.C., U.S., on Wednesday, Jan. 15, 2020.The Commerce Department announced Friday morning that it would ban U.S. business transactions with China-owned social apps WeChat and TikTok on Sunday.
The announcement comes as President Donald Trump was expected to announce whether or not the government will approve a deal for Oracle to take a minority stake in TikTok and become a "trusted technology partner" for the company in the U.S. It's unclear if the Commerce Department's announcement means there's no possibility of a deal going through before the deadline, and it could be an aggressive move from the Trump Administration to push for its original intention for TikTok to be fully owned by a U.S. company.
"At the President's direction, we have taken significant action to combat China's malicious collection of American citizens' personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S. laws and regulations." Commerce Secretary Wilbur Ross said in a statement Friday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump says no TikTok deal yet as ByteDance submits proposal to USByteDance's TikTok deal with Oracle will need approval from both China and US. However, President Donald Trump is raising questions about the company's plans to keep a majority stake in US operations.
Weiterlesen »
Trump says Oracle close to TikTok deal as ByteDance aims for majority ownershipPresident Donald Trump said on Tuesday he had heard Oracle Corp was very close to a deal over ByteDance's TikTok, even as sources said the Chinese company was seeking to keep majority ownership of the popular short video app.
Weiterlesen »
Republican Senators Write To Trump Opposing TikTok-Oracle DealThe senators oppose any deal that would allow TikTok’s Chinese parent ByteDance to retain control.
Weiterlesen »
Trump admits TikTok can't legally pay US government as part of sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Trump Administration Pushes for U.S. Control of TikTokTrump administration officials are looking to give American investors a majority share of the company that will take over the Chinese-owned video sharing app TikTok, according to people familiar with the matter.
Weiterlesen »