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

18.09Zillows staging tool helps potential buyers reimagine homes by restyling them on the fly
17.09Are AI Tools Replacing Traditional Search Engines?
17.09How to Turn Subject-Matter Expertise Into Engagement: B2B Short-Form Video Content
17.09Nikes Air Max RK61 pays homage to Air Afrique and diasporic homecomings
16.09Boutique fitness shifts to utility with The Packs defense-driven workouts
16.09The Secret to Successful Employee-Advocacy Posts on LinkedIn
16.09Where AI Gets Its Facts [Infographic]
16.09Performance Branding in B2B
Marketing and Advertising »

All news

18.09Next warns UK economy faces 'anaemic' growth
18.09Facebook owner unveils new AI-powered smart glasses
18.09Smallcap multibagger defence stock surges 20% after Rs 95-crore BrahMos order win
18.09GE Healthcare exploring stake sale in China unit, says reports
18.09Workers across France strike over budget cut plans
18.09Chicago Architecture Biennial opens this weekend, bringing a world of architectural ideas to town
18.09How Huawei plans to outperform global tech leaders with less powerful chips
18.09Quantum computing stocks on the rise: Why are IonQ, D-Wave, Rigetti, and QUBT moving higher?
More »
Privacy policy . Copyright . Contact form .