TikTok case: Donald Trump to act on Chinese software companies in coming days, says Mike Pompeo

Donald Trump, TikTok, ByteDance, United states of America, China, Washington, Beijing, Xi Jinping, coronavirus, US-China row, US china news, US sanctions on china, South China Sea, Beijing, Brunei, Malaysia, Philippines, Taiwan, Vietnam, Zhao Lijian, Hong Kong, Xi Jinping, Chinese Communist Party, Mike Pompeo, China Houston consulateThe news comes after Trump told reporters onboard Air Force One on Friday that he would issue an order for social media platform TikTok to be banned in the United States as early as Saturday. (Courtesy: AP photo/File)

President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to U.S. national security, Secretary of State Mike Pompeo said on Sunday.

“President Trump has said ‘enough’ and we’re going to fix it and so he will take action in the coming days with respect to a broad array of national security risks that are presented by software connected to the Chinese Communist Party,” Pompeo said on Fox News Channel’s “Sunday Morning Futures.

The news comes after Trump told reporters onboard Air Force One on Friday that he would issue an order for social media platform TikTok to be banned in the United States as early as Saturday.

Over the last several months, U.S. officials have repeatedly  said TikTok under its current Chinese parent company, Beijing-based software firm ByteDance, poses a national risk because of the personal data it handles.

“They’re true privacy issues for the American people and for a long time, a long time the United States just said ‘well goodness if we’re having fun with it, or if a company can make money off of it, we’re going to permit that to happen,’” Pompeo said.

In response, under a recent proposal, ByteDance is willing to divest the U.S. operations of TikTok to Microsoft in a bid to
make a deal with the White House, two people familiar with the matter told Reuters on Saturday. That offer has gained some support from allies of the president, including Republican Senator Lindsey Graham.In a separate interview on Sunday, Treasury Secretary Steven Mnuchin said the Committee on Foreign Investment in the United States, which reviews the national security implications of foreign business deals, is looking at the matter.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Golfer SSP Chawrasia tests positive for COVID-19, in home quarantine

Sun Aug 2 , 2020
By: PTI | Kolkata | Published: August 2, 2020 10:32:25 pm SSP Chawrasia Ace Indian golfer SSP Chawrasia on Sunday said he has tested positive for COVID-19 and is in home quarantine in Kolkata, the result spoiling his plans to compete on the European Tour. A four-time winner on the […]