Home Uncategorized US firms dealing with Chinese apps put on 45 days notice

US firms dealing with Chinese apps put on 45 days notice

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US President Donald Trump has issued two executive orders giving US companies 45 days notice to stop dealing with Bytedance, owner of nowinfamous social media app TikTok, and WeChat, a Chinese messaging platform owned by Tencent. Asian shares tumbled on the news of the orders as the move signifies a major escalation of the situation from rhetoric to action. Tencents shares fell by as much as 10 on the news while Alibaba was down 6.4.