US President Executive Order banning transactions with TikTok parent company ByteDance!
Galatta | Aug 07, 2020, 05:06 pm
The popular short video app TikTok has a very huge following across the globe! Many people showcase their acting, singing and other creative talents on this app! However, the Indian government banned TikTok and 59 other Chinese apps, after an altercation between the Indian & Chinese armed forces at the Indo-China border in the Ladakh region. Later, the Indian government banned a further set of apps in a second round! Following India's ban on TikTok, governments of many other countries also began talking of banning the app, especially the USA and Australia! Recently, a bill was passed by a US Senate Committee banning the use of TikTok on the devices of Federal Employees. A number of senators have been calling for a total ban on TikTok in the US.
The reasons cited for demanding a ban on TikTok is that the Chinese Government is collecting the personal data of US citizens, using this app! TikTok's parent company ByteDance has reiterated that it is not affiliated to the Chinese government and does not as well as will not share any confidential user information with Beijing, in the future also! However, with the US Government not willing to accept this, ByteDance was looking at distancing itself totally from China and shifting its headquarters to some other country. In recent times, there have been reports of the technology giant Microsoft being in talks with ByteDance to purchase its American operations. However, as a blow to this, US President Donald Trump has now signed an Executive Order!
According to this new Executive Order, there can be no transactions with TikTok's parent company ByteDance, after a period of 45 days from the moment the order was signed! Media reports cite the Executive Order as reading, "The following actions shall be prohibited beginning 45 days after the date of this order... any transaction by any person, or with respect to any property, subject to the jurisdiction of the United States, with ByteDance Ltd." We also hear that the White House has sent a communique to the Congress, expressing concerns over the spread of Chinese mobile applications in the USA and growing concerns of it threatening the national security, foreign policy and economy of the country! In another statement against China, Trump said, "China's entry into the World Trade Organisation is probably the worst of all deals, if you want to know the truth... They violated the rules like nobody has violated it before."