Washington; #US; #China; #ByteDance; TikTok; #ExecutiveOrder
Washington, Aug 15 (Canadian-Media): An executive order had been issued Aug 15 by United States (US) President Donald Trump demanding China's ByteDance, the owner of TikTok to divest interests in TikTok's US operations within 90 days.
TikTok. Image credit: Twitter handle
“There is credible evidence that leads me to believe that ByteDance ... might take action that threatens to impair the national security of the United States,” Trump said in his order.
ByteDance is expected to destroy, under the latest order, all its copies of TikTok, a wildly popular short form video-sharing app, data attached to U.S. users, and le the Committee on Foreign Investment in the United States (CFIUS) know when it has destroyed all that data.
"In order to effectuate this order, not later than 90 days after the date of this order, unless such date is extended for a period not to exceed 30 days, on such written conditions as the Committee on Foreign Investment in the United States (CFIUS) may impose, ByteDance, its subsidiaries, affiliates, and Chinese shareholders, shall divest all interests and rights in: any tangible or intangible assets or property, wherever located, used to enable or support ByteDance's operation of the TikTok application in the United States, as determined by the Committee," Trump said in the order on Friday.
ByteDance responded Aug 14 to Trump’s latest order with the following statement: “As we’ve said previously, TikTok is loved by 100 million Americans because it is a home for entertainment, self-expression, and connection. We’re committed to continuing to bring joy to families and meaningful careers to those who create on our platform for many years to come.”