Last August, Donald Trump ordered ByteDance to find an American buyer for TikTok or risk being shut out of the US market. After weeks of negotiations, the Chinese app found itself at the center of a financial deal between TikTok’s parent company, ByteDance, Oracle and Walmart.
Donald Trump, albeit somewhat reluctantly, approved the deal before imposing a new condition: the White House tenant is demanding that the app’s code be rewritten and stored in the U.S. The announcement casts a shadow over ongoing negotiations between ByteDance, Oracle and Walmart. The November 12 deadline was fast approachingTikTok had not heard from the Trump administration for several weeks before the sanctions went into effect. The China appeal left many wondering if Donald Trump had forgotten to implement the sanctions.
US Commerce Department prepares for counterattack
On November 12, 2020, the U.S. Department of Commerce finally responded to TikTok’s complaints. According to our colleagues at the Wall Street Journal, US is holding off on banning TikTok for nowThe government claims it is complying with an Oct. 30 ruling by a federal court in Pennsylvania that essentially ordered the Trump administration to suspend the executive order recognizing TikTok as an app. “Threat to national security” United States.
“We have been deeply moved by the support our creators have provided us, as they have taken action to protect their rights to express themselves and their careers, and to help small businesses, especially during the pandemic.” ByteDance reacts shortly after the announcement. However, the American administration has not said its final word. This Thursday, November 12, He appealed the decision to a federal court in Pennsylvania and claims to be waiting “New legal developments” to go back on the offensive. Despite Donald Trump’s defeat by Joe Biden, TikTok is not out of the woods yet.
Source : Wall Street Journal
