Trump orders ByteDance to sell TikTok's US assets within 90 days

US President Donald Trump on Friday ordered the Chinese owner of the popular music video app TikTok to sell its US assets within 90 days, citing national security concerns and delivering the latest salvo in his standoff with Beijing.[WASHINGTON] US President Donald Trump on Friday ordered the Chinese owner of the popular music video app TikTok to sell its US assets within 90 days, citing national security concerns and delivering the latest salvo in his standoff with Beijing.

Mr Trump's decision came after an investigation by the Committee on Foreign Investment in the US, which reviews acquisitions of American businesses by overseas investors. ByteDance bought the app Musical.ly in 2017 and merged it with TikTok. Mr Trump said in the order released on Friday night, which has a 90-day deadline, that ByteDance"might take action that threatens to impair the national security of the United States".

Treasury Secretary Steven Mnuchin said in a statement that"CFIUS conducted an exhaustive review of the case and unanimously recommended this action to the president in order to protect US users from exploitation of their personal data". The panel, which is led by the Treasury Secretary, includes officials from across 16 government departments and agencies, including State, Defence and Commerce. The White House referred questions to the Treasury Department.

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