TikTok to be banned in US, says Trump
While talking to media on Friday night, Trump rejected a potential deal for Microsoft to buy the app from its Chinese-owned parent company.
“As far as TikTok is concerned, we're banning them from the United States,” Trump said.
Trump further maintained that he could use emergency economic powers or an executive order saying that he has the authority.
Reportedly, people working on the issue within the Trump administration anticipated the President to sign an order to force ByteDance, the Chinese company that owns the social media platform, to sell the US operations of TikTok.
The move was aimed at addressing the concerns of policymakers that the TikTok may be a potential threat to national security.
ByteDance has reportedly been looking into the prospect of selling a majority stake in TikTok after considering changes to its corporate structure.
Microsoft (MSFT) is having talks with ByteDance to acquire TikTok, according to the New York Times, citing a person with knowledge of the discussions. However, Trump firmly rejected the idea of a potential spin off deal satisfying national security concerns.