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Trump Signed A Decree To Ban Trading With The Owner Of TikTok


According to the latest decree related to TikTok signed by US President Donald Trump on August 6, individuals and organizations in the US will be banned from trading with ByteDance and Tencent, owners of TikTok and WeChat, after 45 days more.

This decree was cited by President Trump as "a national emergency related to technology and the supply chain of information and communication services".

Accordingly, "any transaction by anyone, or related to any asset, is within the jurisdiction of the United States, with ByteDance" will be banned after September 20.

"The United States needs to take drastic action against the owner of TikTok to protect national security. Any individual or property in US jurisdiction will be banned from trading with ByteDance after 45 days from the time of adoption.”

The decree recorded.

The ban also applies to Tencent, which owns the WeChat messaging app, and could cause the platform to shut down in the US. The Ordinance aims to block transactions of all individuals and organizations in the United States with ByteDance and WeChat, not to mention US businesses operating abroad.

The Chinese government, representatives of ByteDance and Tencent did not comment on this information.

ByteDance sells TikTok shares and operations in the US to Microsoft or a certain company, otherwise the social network will have to withdraw from the US from September 15.

Secretary of State Mike Pompeo later said the US wanted to ban "untrustworthy" Chinese apps from the country's mobile phone carriers and app stores. He also claimed Washington wants to prevent American apps from pre-installed or allowing download to phones or wireless devices made by Chinese firms like Huawei.


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