Trump increases pressure on TikTok deal, bans app transactions

498
SHARE

Microsoft’s ongoing TikTok deal is facing increasing pressure after President Trump signed an executive order banning transactions of TikTok late on Thursday, which is set to kick in on September 15 if a deal cannot be reached.

The executive order comes on the heels of prolonged discussions between the White House, Microsoft, ByteDance, and Congressional lawmakers. While the President originally floated the idea of banning the app outright, he was convinced otherwise that Microsoft’s acquisition of the $50 billion social media app would be more beneficial to the U.S. in the long run.

Yet again, it appears that Trump’s stance has changed with this executive order, which will effectively ban TikTok for American users.

The order argues that TikTok poses a risk to national security as TikTok’s “…data collection threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information — potentially allowing China to track the locations of Federal employees and contractors, build dossiers of personal information for blackmail, and conduct corporate espionage.”