Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-01-21 02:45:23| Engadget

That didnt take long. Soon after taking office, President Donald Trump signed a swathe of executive orders. Among them was a temporary pause on the law that banned TikTok in the US. With the executive order, Trump's Justice Department will not enforce the Protecting Americans from Foreign Adversary Controlled Applications Act for 75 days, effectively extending the amount of time the company has to reach a deal. In a statement, Trump said that the "unfortunate timing" of the law, which went into effect during President Joe Biden's last hours in office, "interferes with my ability to assess the national security and foreign policy implications of the Acts prohibitions before they take effect."  He wrote that he would review "sensitive intelligence" related to the national security concerns raised by the app's critics and "evaluate the sufficiency of mitigation measures TikTok has taken to date." The company previously undertook a years-long effort, known as Project Texas, to move US user data to servers hosted by Oracle. The arrangement was made after years of negotiating with the Committee on Foreign Investment in the United States (CFIUS), but those talks halted last year. TikTok (and other ByteDance apps) went offline late Saturday ahead of the law taking effect on Sunday. The TikTok outage only lasted a matter of hours, however. Service was gradually restored after Trump pledged to sign an executive order to suspend the law after he was sworn in on Monday. He affirmed that there would be "no liability for any company that helped keep TikTok from going dark before my order." Trump also proposed a joint venture that would see US interests take a 50 percent stake in TikTok. Earlier on Monday, China (where ByteDance is based) signaled an openness to striking a deal with the US that would allow TikTok to remain active there for the long run, despite previously saying it would block a forced sale of the app. When it comes to actions such as the operation and acquisition of businesses, we believe they should be independently decided by companies in accordance with market principles, Chinese Foreign Ministry spokesperson Mao Ning said. If it involves Chinese companies, Chinas laws and regulations should be observed. During his first administration, Trump sought to ban TikTok in the US. He signed executive orders to that effect, which included an attempt to force ByteDance to sell its US business. That didn't come to pass at the time. But pressure on TikTok mounted during the Biden Administration, with the former president signing a bill last year that called for ByteDance to sell TikTok or face a ban in the US. This article originally appeared on Engadget at https://www.engadget.com/big-tech/trump-delays-tiktok-ban-for-at-least-75-days-via-executive-order-014523110.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

18.02Cyberpunk platformer Replaced has once again been delayed
18.02Nevada sues Kalshi for operating a sports gambling market without a license
18.02Here's what to expect at Apple's product launch event on March 4
18.02Spotify debuts SeatGeek integration for concert ticket sales
18.02Google Pixel 10a vs. Pixel 9a: What's changed and which one should you buy?
18.02Google's $500 Pixel 10a smartphone arrives on March 5
18.02Pixel 10a hands-on: Google locks down the midrange phone game
18.02Polestar unveils a station wagon version of the 4
Marketing and Advertising »

All news

18.02Mid-Day Market Internals
18.02Tomorrow's Earnings/Economic Releases of Note; Market Movers
18.02Bill targeting degree cuts, social media passes Indiana House
18.02Cyberpunk platformer Replaced has once again been delayed
18.02Illinois judge rules boneless wings are still wings after Chicago man files lawsuit
18.02 Closing Near the High Why This Simple Setup Could Change Your Game
18.02Margot Robbies hot take on filmmaking goes viral as critics slam her latest movie Wuthering Heights
18.02Nevada sues Kalshi for operating a sports gambling market without a license
More »
Privacy policy . Copyright . Contact form .