President of the United States Donald trump issued an order prohibiting any American companies to trade with ByteDance, the Chinese company that owns the video-sharing app TikTok and Tencent, operator of the WeChat app. According to the document, within 45 days of any transaction in the United States with ByteDance will be banned if TikTok will not buy an American company.
the decree States that the United States needs to take aggressive action against the owners of TikTok for the protection of national security. TikTok denies allegations that it is controlled by the government of China and shares data with it, the BBC reports. The trump has sounded this statement, speaking at a daily briefing on the coronavirus. He explained his decision by the need to take additional steps to deal with emergency situation in the country “in relation to supply chain information and communication technologies and services.”
According to him, distribution in the United States mobile apps developed and owned by Chinese companies, continues to threaten national security, foreign policy and the U.S. economy. The trump referred to the legal basis of the laws “On emergency situation” in the United States and the “international emergency economic powers.”
TikTok is one of the most significant foreign competition for U.S. social networking sites such as YouTube and Facebook. In 2017 ByteDance acquired Shanghai video Musical.ly a billion dollars. The following year, she relaunched it under the name TikTok. It can be used to create short videos. Last year the company said that about 60 percent of its active users in the U.S. are young people aged 16 to 24 years. He TikTok is not available in China, and Chinese users instead used Douyin, a similar app owned by ByteDance. Experts believe that now young app users, who typically do not participate in elections in the United States, in protest, can vote in elections for the opponent’s trump, democratic nominee Joseph Biden.
According to the Financial Times, Microsoft is expanding plans for the absorption TikTok. American software company is studying whether it can add regions, including India and Europe, to deal with the us division of this video.