It’s being reported now by Bloomberg that, as soon as this afternoon, Trump is expected to sign an order forcing the Chinese TikTok company to sell their US operations:
JUST IN: Trump plans to sign an order directing China's ByteDance Ltd. to divest its ownership of TikTok, according to people familiar with the matter.
The order, coming after review of the app's potential national security risks, could come as early as today pic.twitter.com/IQAgnVtl67
— Bloomberg QuickTake (@QuickTake) July 31, 2020
— Bloomberg Politics (@bpolitics) July 31, 2020
Here’s a little more on this from NBC4i:
President Donald Trump plans to sign an order to direct ByteDance, the Chinese company that owns TikTok, to sell its U.S. operations.
Chinese internet company ByteDance owns TikTok, which is designed for users outside of China; it also makes a Chinese version called Douyin. Like YouTube, TikTok relies on its users for the videos that populate its app. It has a reputation for fun, goofy videos and is popular with young people, including millions of Americans.
But critics have cited concerns, including the possibility of TikTok censoring videos, such as those critical of the Chinese government, sharing user data with Chinese officials, and violating kids’ privacy. TikTok has said it doesn’t censor videos based on topics sensitive to China and it would not give the Chinese government access to U.S. user data even if asked.
TikTok has been trying to appease critics in the U.S. and distance itself from its Chinese roots, but finds itself caught in an increasingly sticky geopolitical web.
It recently named a new CEO, former Disney executive Kevin Mayer, a move experts said could help it navigate U.S. regulators. And it is stopping operations in Hong Kong because of a new Chinese national security law that led Facebook, Google and Twitter to also stop providing user data to Hong Kong authorities.
A U.S. national-security agency has been reviewing ByteDance’s purchase of TikTok’s precursor, Musical.ly. Meanwhile, privacy groups say TikTok has been violating children’s privacy, even after the Federal Trade Commission fined the company in 2019 for collecting personal information from children without their parents’ consent. Concerns aren’t limited to the U.S. India this month banned dozens of Chinese apps, including TikTok, citing privacy concerns, amid tensions between the countries.
In other words, it sounds like Trump will ban the Chinese app from the US, just as India has recently done.
There aren’t many details known at this point other than what is reported above, but we’ll let you know as soon as something officially happens.