President Joe Biden signed an executive order on Wednesday to set official standards for determining the risk of applications involving foreign opponents such as Tiktok and WeChat owned by medical institutions.
Mr. Biden has revoked and replaced his three executive orders from President Donald Trump to ban tic-tac-toe business with American traders. The order also sought to ban Tiktok by initiating a long court battle. Tiktok is available and popular in the United States
According to the White House fact sheet, Mr. Biden’s new order has directed the Commerce Department to review apps related to foreign opponents, which should be considered an “unacceptable risk.” Competitors Contains criteria for evaluating transactions with software applications related to competitors. If the U.S. Foreign Investment Commission (CFIS) cites President Trump’s previous move and considers foreign attachments or investments, the order broadly refers to the transaction as a telecommunications technology attachment or technology transfer transaction. .. It is defined.
This order is seen as a “higher risk” if it contains an application owned, controlled or operated by a foreign military opponent or someone supporting an intelligence agency, or if the application collects sensitive personal data. Will be done. It is done.
The order recommends that the Department of Commerce work with other agencies to protect U.S. consumer information from foreign adversaries and take more effective measures and law enforcement to address risks. .. I’m doing it.
Tiktok was worried in the previous administration that Trump tried to ban the app without selling it to American companies. Due to the dispute, Wal-Mart and Microsoft sued his Tiktok as a team, eventually keeping Oracle as a “trustworthy technology provider”, but sales did not decline.
After Biden took office at the White House, the deal was abandoned and legal action is currently underway between Tiktok and the government. In February, The Wall Street Journal reported that the deal with Oracle was “permitted indefinitely.” The Biden administration reviewed the situation and urged the court to suspend the proceedings over the ban between the government and his Tick Tock. White House spokesman Jane Sasaki said Tiktok’s CFIUS review is currently underway.
A Tiktak spokeswoman declined to comment. His Tencent representative, the owner of WeChat, did not respond to CNBC’s request for comment.