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August 7, 2020 01:57 am

TikTok Ban: Trump Will Prohibit Transactions With ByteDance Beginning September 20

According to The Verge, "President Trump has signed a new executive order which will block all transactions with Bytedance, TikTok's parent corporation, in an effort to 'address the national emergency with respect to the information and communication technology supply chain.'" From the report: The move comes after months of escalating tensions, which saw Secretary of State Mike Pompeo and others at the White House warn that TikTok presented a national security threat because of its Chinese ownership. Microsoft is currently in talks to acquire portions of the app, aimed to be complete by September 15th. Trump's new order is set to take effect in 45 days, just after the September 15th deadline set for negotiations in the Microsoft sale. Another order banned transactions with WeChat, a popular texting app in China that has maintained a limited U.S. user base focused on recent Chinese immigrants. In both orders, the president names the International Emergency Economic Powers Act as authority for the move, as well as the National Emergencies Act -- effectively naming TikTok's continued operation within the United States as a national emergency. Such a move is highly unusual, and will likely be subject to a legal challenge.

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