Trump increases pressure on TikTok deal, bans app transactions


Interestingly enough, the order places a ban on TikTok transactions instead of blanket banning use of the app.

“The following actions shall be prohibited beginning 45 days after the date of this order, to the extent permitted under applicable law: any transaction by any person, or with respect to any property, subject to the jurisdiction of the United States, with ByteDance Ltd. (a.k.a. Zìjié Tiàodòng), Beijing, China, or its subsidiaries, in which any such company has any interest,” the order reads.

For Microsoft, the clock on reaching a TikTok deal is certainly ticking with added fears that all transactions with ByteDance will be prohibited after the 45-day window. Analysts have argued that Trump’s executive order may affect both Apple and Google’s app stores, where TikTok currently can be downloaded.

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The Trump Administration’s plan to ban TikTok is one component of a much larger initiative known as the “Clean Network program,” announced by the State Department on Wednesday.

According to the White house the Clean Network Program is, “The Trump Administration’s comprehensive approach to guarding our citizens’ privacy and our companies’ most sensitive information from aggressive intrusions by malign actors, such as the Chinese Communist Party (CCP).”