Amid US fiscal standoff, the risk sentiment is receiving another blow on the US-China front, as US President Donald Trump signs two executive orders against two Chinese applications (apps).
The move is to address the security threats posed by TiktTok and WeChat.
President Trump signed the order on ByteDance to divest TikTok.
Additional details
Trump has signed an executive order beginning in 45 days halting any and all the transactions with ByteDance.
“Any company still doing business with TikTok in 45 days is subject to sanctions.”
“It may be used for disinformation campaigns that benefit the Chinese Communist Party.”
“The US must take aggressive action against the owners of TikTok to protect our national security.”
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