Trump said that if China controls TikTok, it will not approve the transaction! The Ministry of Commerce will appeal the WeChat-related federal judge's injunction-Food Squad

*This article is reproduced from "AOL"

The development of the Trump administration's ban on TikTok and WeChat is complicated and continuing. Following Trump’s statement over the weekend that he agreed in principle to the deal between TikTok and Oracle, and a federal judge in San Francisco, California issued an injunction to stop the “complete ban” of WeChat, there were new ones on Monday (September 9). Turning development. Trump said in an interview that TikTok's parent company ByteDance will not have any control over the former; if China maintains control of the TikTok app, it will not approve related transactions. The Ministry of Commerce and the Ministry of Justice issued statements that the Trump administration's executive order to block WeChat is in line with the law and promotes the national security interests of the United States. The Ministry of Commerce will "swiftly seek contact with" a federal judge's ban on the executive order.

On September 9, the U.S. Department of Commerce issued a notice stating that in response to the executive order signed by Trump on August 18 and to "maintain U.S. national security", it would ban the related "transactions" of applications TikTok and WeChat. The content involved includes: from September 8, it is prohibited to provide TikTok and WeChat apps and updates in app stores in the United States, and WeChat is prohibited from providing any services in the United States to transfer funds or process payments. After combining the explanations of Secretary of Commerce Wilbur Ross and unnamed senior officials of the Ministry of Commerce, WeChat will be prohibited from conducting additional “technical transactions” and its usability and functionality in the United States will be greatly reduced. TikTok can conduct "technical transactions" temporarily, but if the transaction is not completed before November 6, it will be subject to the same "full ban" as WeChat.

On September 9, Trump claimed that he had approved in principle the acquisition of TikTok by Oracle Corporation of the United States. The acquisition agreement was proposed by TikTok and reached an agreement after revision by the US Treasury Department.Oracle became TikTok’s secure cloud provider, holding 19% of its shares. Wal-Mart acquired 12.5% of TikTok’s shares. TikTok’s headquarters moved to the United States and will be listed within one year for “operational transparency”.Trump had already said "I give my blessing to this deal" and "If they do, that would be great."But on the 7.5st, Trump changed his words in an interview with "Fox&Friends" ("Fox&Friends") and said that Bytedance should not have any control over the reorganized TikTok Global. "If they do, we will also No agreement will be reached".Earlier, Bytedance just issued a statement saying that it has not lost control of TikTok, and its shareholding will reach 21%.The chaotic information adds uncertainty to related transactions, the direction of the ban, and TikTok's future.

As for WeChat, after the relevant administrative order was issued, the spontaneous non-profit organization "WeChat User Alliance of America" filed a lawsuit. After the interpretation of Trump’s executive order on August 18 by the Department of Commerce on the 8th, the San Francisco Federal District Court held an urgent hearing on September 6, and finally Laurel Beeler's administration of Trump The order issued a preliminary injunction, which stated that the prohibition on the use of WeChat apps would violate the freedom of speech of millions of Chinese Americans who rely mainly on WeChat. They officially rely on WeChat to maintain communication with relatives and friends in the United States and in China. As a result, the "comprehensive ban" that had taken effect at 9:19 on September 9 was suspended.

On September 9, the Department of Commerce publicly declared that it is necessary to prohibit confirmed "transactions" in order to protect the national security of the United States. The Department of Commerce is expected to soon seek to lift the federal judge's ban. The Ministry of Justice issued a statement stating that Trump's new ban on WeChat is fully in line with the law and promotes real national security interests. The government will follow the federal court ban, but it is also considering the next appropriate step. When faced with legal litigation challenges, it will actively defend the executive order and the attorney general’s efforts to enforce the ban.