Trump Bars U.S. Firms From Doing Business With TikTok's Parent Company

The transcript discusses an executive order signed by President Trump to ban TikTok from operating in the US due to national security concerns. The order, effective 45 days after issuance, prevents American companies from doing business with TikTok's parent company, ByteDance. This could lead to TikTok's removal from app stores like Apple and Google. TikTok is highly popular in the US, with 185 million downloads in early 2020. Microsoft is in talks to acquire TikTok's US operations. A similar order targets WeChat's parent company.

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