All the details on the latest trumpata against TikTok and WeChat
From September 20, downloads of the TikTok social platform and WeChat messaging app will be banned in the United States by order of the US Department of Commerce.
Green light for Trump to sell US TikTok assets? Not at all. Meanwhile, the White House is blocking downloads of the social video platform app.
Here are all the details on the latest move by the US administration against two Chinese companies.
WHAT THE US DEPARTMENT OF TRADE HAS ANNOUNCED
From September 20, downloads of the TikTok social platform and WeChat messaging app will be banned in the United States. The US Department of Commerce announced today.
"Today's actions demonstrate once again that President (Donald) Trump will do everything in his power to ensure our national security and protect Americans from the threats of the Chinese Communist Party." Commerce Secretary Wilbur Ross said in a statement.
"Under the president's direction, we have taken significant action to combat China's harmful collection of US citizens' personal data, while promoting our national values, rules-based democratic norms, and aggressive enforcement of laws and regulations. US regulations, ”he added.
THE CONSEQUENCES FOR WECHAT IN THE UNITED STATES
The provision, effective September 20, also prohibits the transfer of funds or the processing of payments within the United States for WeChat. However, in its announcement, the Commerce Department stated that the president has allowed until November 12 for problems related to national security to be resolved and, if so, the ban could be lifted.
HOW THE SALE OF TIKTOK GOES
Yesterday, the CNBC broadcaster, citing sources close to the US administration, reported that President Trump would make a decision on the agreement between TikTok and Oracle by this morning. In a press conference held Wednesday night, Trump said he disliked the idea of ByteDance – the group that controls TikTok – retain a majority stake and was not willing to sign anything until he had more details.
Previously sources close to the dossier had given as imminent an agreement under which ByteDance would keep a majority stake with Oracle minority partner with the acquisition of approximately 20 percent of the company's shares. In recent days, the Chinese television broadcaster "CGTN", citing sources with knowledge of the facts, had also spread the news that ByteDance had decided to place the global headquarters of TikTok in the United States in order to prevent Trump from banning the popular video app in the US, according to a plan already presented to US officials.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/tutti-i-dettagli-sullultima-trumpata-contro-tiktok-e-wechat/ on Fri, 18 Sep 2020 14:20:14 +0000.