- June 18, 2021
- Posted by: Stratford Team
- Category: Business
Charlie Gasparino on TikTok deal
President Joe Biden’s executive order aimed at safeguarding Americans’ sensitive data would force some Chinese apps to take tougher measures to protect private information if they want to remain in the U.S. market, according to people familiar with the matter.
The goal is to keep foreign adversaries like China and Russia from gaining access to large amounts of personal and proprietary business information.
The Department of Commerce may issue subpoenas to collect information about certain smartphone, tablet and desktop computer software applications. Then the agency may either negotiate conditions for their use in the United States or ban the apps, according to people familiar with the matter.
Biden’s June 9 order replaced former President Donald Trump’s 2020 bans against the popular Chinese applications WeChat, owned by Tencent Holdings Co, and ByteDance Ltd’s TikTok. U.S. courts halted those bans.
TRUMP CLAIMS…