Western companies and bankers are still wrangling with TikTok’s owner, the White House and Chinese authorities to try to arrange a sale of some of TikTok’s business. TikTok has enjoyed explosive growth in the United States, where its users number in the tens of millions.
“Today’s actions prove once again that President Trump will do everything in his power to guarantee our national security and protect Americans from the threats of the Chinese Communist Party,” U.S. Department of Commerce Secretary Wilbur Ross said in a statement. “At the President’s direction, we have taken significant action to combat China’s malicious collection of American citizens’ personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S. laws and regulations.”
On Sunday, the U.S. will also ban the provision of services that enable WeChat to be used for money transfers or mobile payments.
And as of Sunday for WeChat, and Nov. 12 for TikTok, the U.S. will ban any provision of internet hosting services that allow the apps to function in the U.S. And it will prohibit “any utilization of the mobile application’s constituent code, functions, or services in the functioning of software or services developed and/or accessible within the U.S.”
“The President has provided until November 12 for the national security concerns posed by TikTok to be resolved. If they are, the prohibitions in this order may be lifted,” Commerce said in its statement.
This is a developing story. Please check back for updates.