President Donald Trump has taken aim at China again, signing a pair of executive orders targeting not only TikTok but also widely used WeChat. The action references national security concerns and (starting in 45 days) bars any transactions with the apps’ China-based owners – ByteDance (BDNCE) and Tencent Holdings (OTCPK:TCEHY) – by any person or involving any property subject to the jurisdiction of the U.S. While TikTok said it will pursue all remedies available, including American courts, it also faces a Sept. 15 deadline before its services are banned in the U.S.
U.S. President Donald Trump’s administration will impose sanctions on Hong Kong Chief Executive Carrie Lam and other Chinese officials on Friday. for their role in curtailing political freedoms in the territory.
Photo Credit: White House
