New Executive Orders Target Chinese Apps

On August 2020, President Trump issued two nearly parallel executive orders (EOs) targeting the enormously popular apps TikTok and WeChat: Executive Order on Addressing the Threat Posed by TikTok (TikTok EO), and Executive Order on Addressing the Threat Posed by WeChat (WeChat EO). These EOs arrive in the wake of the review by the Committee on Foreign Investment in the United States of a past acquisition by TikTok’s parent, ByteDance Ltd., as well as President Trump’s repeated threats against TikTok as Microsoft considers acquiring the company. Importantly, the EOs do not have immediate effect; rather, 45 days from the date the EOs were issued (on September 20, 2020), the Commerce Secretary is authorized to identify transactions that will be subject to prohibitions.

Link: New Executive Orders Target Chinese Apps
via http://www.jdsupra.com

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