Published 17:48 IST, August 16th 2020
Trump says he could exert pressure on more Chinese companies after ByteDance
Trump on August 15 said that his administration could pressure more Chinese companies to move out of the US after vowing to ban ByteDance-owned TikTok.
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US President Donald Trump on August 15 said that his ministration could pressure more Chinese companies to move out of US after vowing to ban ByteDance-owned TikTok. Trump while speaking to press on Saturday, expressed his willingness to exert pressure on or Chinese firms as well, when asked if he was looking to ban or China-owned companies, such as Alibaba. Trump ministration recently ordered TikTok to wrap-up its US operations within 90 days or sell it to an American company as it considers short-video app as a security threat accusing it of stealing personal data of millions of US citizens and supplying it to Communist Party of China.
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Trump's executive order
Donald Trump on August 6 signed an executive order banning American citizens and businesses from doing any transaction with Chinese-owned application TikTok, its parent company ByteDance Ltd. and messaging app WeChat, effective after 45 days from date of order. Trump in his executive order stated that se steps have been taken because applications mentioned above threaten national security, foreign policy, and ecomy of United States. Trump in his order also accused TikTok of censoring content, especially those that CPC deems politically sensitive, content related to Hong Kong's pro-democracy movement, China's treatment of Uighur Muslims in Xijiang province, etc.
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According to reports, American tech giant Microsoft is in talks with ByteDance to buy TikTok's US operations, a deal that is expected to be signed before September 15. TikTok is facing increasing scrutiny across world over its data-storing policy. In June, Indian government banned app citing security concerns following violent clashes between soldiers of Indian Army and People's Liberation Army of China.
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17:48 IST, August 16th 2020