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Trump signs executive order that will bar transactions with TikTok's parent company

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It is not clear if the ban will affect the millions of U.S. users who are avid fans of the app.
President Trump signed an executive order Thursday that will prohibit transactions with social media app TikTok’s parent company, ByteDance, and is threatening to impose sanctions on violators who fail to comply. The order would ban “any transaction by any person, or with respect to any property, subject to the jurisdiction of the United States.” It is not clear if the ban will affect the millions of U. S. users who are avid fans of the app. The ban is set to take effect in 45 days, which is the period of time that Mr. Trump agreed to give ByteDance to negotiate a deal to sell its U. S. operations, Reuters reported. Microsoft said it is in discussions with Beijing-based ByteDance about a possible acquisition, and has said it hopes to clinch a deal by September 15.

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