Biden revokes, replaces executive orders from Trump that sought to ban Chinese-owned TikTok and WeChat

Singing a new executive order, President Biden revoked and replaced the three executive orders by former President Trump that sought to ban transactions with Chinese owned sites TikTok and WeChat by American businesses.

Per CNBC Biden’s “order would consider transactions to involve a “heightened risk” when they involve apps owned, controlled or managed by people supporting foreign adversary military or intelligence service or when the apps collect sensitive personal data.”

“Under the previous administration, TikTok remained in a precarious position as Trump sought to ban the app unless it sold to an American company. The standoff prompted Walmart and Microsoft to team up and court TikTok, though the company ultimately went with Oracle as its “trusted technology provider,” which fell far short of a full sale,” the report adds.