The Briefing Room

General Category => National News/Current Events => Topic started by: Elderberry on February 11, 2021, 06:45:43 PM

Title: Biden halts Trump order to sell Chinese-owned TikTok to US companies
Post by: Elderberry on February 11, 2021, 06:45:43 PM
American Military News by Laura Widener   February 11, 2021

Report: Biden halts Trump order to sell Chinese-owned TikTok to US companies

On Wednesday, the Biden administration halted a ban initiated by former President Donald Trump on Chinese company TikTok, which included a deal Trump struck with TikTok to sell its U.S. operations to Oracle and Walmart.

The Biden administration filed a request with U.S. courts to stop the government’s appeal of an injunction that stopped Trump’s TikTok ban, The Wall Street Journal reported. The filing said the administration had launched a review to determine if TikTok’s national security threats alleged by Trump were credible enough to necessitate a ban.

TikTok and its umbrella company, Chinese-owned ByteDance Ltd., did not oppose the administration’s filing to delay legal proceedings.

On Aug. 6, 2020, Trump issued an executive order to block U.S. transactions with TikTok. TikTok filed suit in September to block the ban, and several judgments ruled in TikTok’s favor, with one Dec. 7 ruling stating that Trump’s ban violated the International Emergency Economic Powers Act.

More: https://americanmilitarynews.com/2021/02/report-biden-halts-trump-order-to-sell-chinese-owned-tiktok-to-us-companies/ (https://americanmilitarynews.com/2021/02/report-biden-halts-trump-order-to-sell-chinese-owned-tiktok-to-us-companies/)