UPDATE 6-Trump preps bans on WeChat, TikTok, stoking tension with Beijing [Reuters]
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Source: Reuters
Trump preps bans on WeChat, TikTok, stoking tension with Beijing WASHINGTON (Reuters) - U.S. President Donald Trump has unveiled sweeping bans on U.S. transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok, escalating a high-stakes confrontation with Beijing over the future of the global tech industry. The executive orders announced Thursday and effective in 45 days come after the Trump administration this week flagged increased effort to purge “untrusted” Chinese apps from U.S. digital networks, calling Tencent Holdings Ltd’s ( 0700.HK ) WeChat and Bytedance’s popular TikTok “significant threats.” China said on Friday the companies comply with U.S. laws and regulations and warned that the United States would have to “bear the consequences” of its action. “The U.S. is using national security as an excuse and using state power to oppress non-American businesses. That’s just a hegemonic practice,” foreign ministry spokesman Wang Wenbin told a media br
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