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President Donald Trump signed an executive order on Thursday banning transactions with TikTok owner ByteDance and Tencent’s WeChat

August 07, 2020 / Catherine Shu
SHARESHARESHARE

President Donald Trump signed an executive order on Thursday banning transactions with ByteDance,  the parent company of popular app TikTok . The White House also announced that he signed a similar order banning transactions with WeChat, a messaging app that is ubiquitous in China, but has a much smaller presence than TikTok in the United States, where it is used mainly by members of the Chinese diaspora, and its owner Tencent Holdings. Both orders will take effect in 45 days, but (and this is a key point) the executive orders are vague and confusing because they say Secretary of State Wilbur Ross will not identify what transactions are covered until then. It’s also still uncertain how the executive orders will affect the apps’ operations in the U.S.