Analysis: How Trump’s Policy is Affecting the Chinese Market
Posted on AllSides August 28th, 2020
From The Center
ANALYSIS
President Donald Trump signed an Executive Order on Aug. 6 requiring ByteDance Ltd. to sell the popular social media app, TikTok, potentially to Microsoft Corporation, or else the app would be banned in the U.S. The popular messaging app, WeChat, owned by Tencent Holdings Limited, will also be banned in the U.S. per the Executive Order.
