Nuked President Trump has signed a new executive order which will block all transactions with TikTok’s parent corporation. It is n’t effectively immediately, but has a 45 day deadline.
The spread of apps controlled by the Chinese government continues to threaten the national security, foreign policy, and economy of the U.S..’the United States must take aggressive action against the owners of TikTok to protect our national security’.
A parallel order banned transactions with WeChat, a popular texting app in China that maintains a small user base in the US.
The move comes after months of escalating tensions. Secretary of state Mike Pompeo warned that TikTok presented a national security threat because of its Chinese ownership.
Realdonaldtrump has signed an executive order to ban TikTok in 45 days. The realDonaldTrump have signed the order in the past 45 days.
Microsoft CEO Satya Nadella confirmed on Sunday that he had spoken with President Trump about potential sale to Microsoft. The company cautioned that discussions were still tentative and’there can be no assurance that a transaction which involves Microsoft will proceed’.
Microsoft pledged to conclude discussions by September 15th. President Trump’s new order is set to take effect 45 days after the release.
The president names the international emergency economic powers act as authority for the move, as well as the national emergency act. Such a move is highly unusual, and will likely be subject to a legal challenge.
The executive branch has the power to levy sanctions against individuals and corporations by placing them on the’entity list’. Such sanctions are typically put in place by the Commerce Department rather than the White House.
The president also has the power to force the divestiture of us companies from foreign ownership through the Council on foreign investment in the United States. But doing so also requires a specific process that seems to have been discarded in favor of a broader executive order.
