financetom
World
financetom
/
World
/
US withdrawing Trump executive orders that sought to ban TikTok, WeChat: White House
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US withdrawing Trump executive orders that sought to ban TikTok, WeChat: White House
Jun 9, 2021 11:31 AM

President Joe Biden is withdrawing a series of executive orders that sought to ban new downloads of WeChat and TikTok and ordering a new Commerce Department review of security concerns posed by those apps, the White House said Wednesday.

The administration of former President Donald Trump had attempted to block new users from downloading the apps and ban other technical transactions that Chinese-owned TikTok and WeChat both said would effectively block the apps' use in the United States. The courts blocked those orders that never took effect.

Biden's new executive order revokes the WeChat and TikTok orders, along with another in January that targeted eight other communications and financial technology software applications.

A separate U.S. national security review of TikTok remains ongoing, a White House official said.

First Published:Jun 9, 2021 8:31 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EMERGING MARKETS-Most Latam currencies rise as Trump fears ease; Argentine bonds slide
EMERGING MARKETS-Most Latam currencies rise as Trump fears ease; Argentine bonds slide
Jul 16, 2024
* Brazil's real and Mexico's peso recover after Monday's drop * Argentina's dollar bonds fall due to concerns over dollar reserves * IMF sees steady global growth; lifts China, India forecasts * Brazil's Lula questions need for spending cuts (Updated at 3:52 p.m. ET/ 1952 GMT) By Johann M Cherian and Shashwat Chauhan July 16 (Reuters) - Most Latin American...
EMERGING MARKETS-Latin American currencies, stocks rebound; Argentine bonds slide
EMERGING MARKETS-Latin American currencies, stocks rebound; Argentine bonds slide
Jul 16, 2024
(Updated at 1513 GMT) * IMF sees steady global growth; lifts China, India forecasts * Brazil's Eneva plans share issue as it buys power assets * Latin American stocks, currencies up 0.6% By Johann M Cherian July 16 (Reuters) - Most Latin American currencies and equities bounced from losses on Tuesday, as investors mulled former U.S. President Donald Trump's possible...
CANADA STOCKS-TSX adds to rally as inflation data fuels sector rotation
CANADA STOCKS-TSX adds to rally as inflation data fuels sector rotation
Jul 16, 2024
* TSX ends up 1.1% at 22,995.39 * Posts fourth straight record closing high * Canadian inflation slows to 2.7% in June * Tech leads gains, boosted by Shopify ( SHOP ) (Updates at market close) By Fergal Smith July 16 (Reuters) - Canada's main stock index extended its record-setting advance on Tuesday, led by gains for Shopify ( SHOP...
European Equities Close Lower in Tuesday Trading; UK Regulators Probe Microsoft's Licensing Deal With Inflection
European Equities Close Lower in Tuesday Trading; UK Regulators Probe Microsoft's Licensing Deal With Inflection
Jul 16, 2024
12:14 PM EDT, 07/16/2024 (MT Newswires) -- The European stock markets closed lower in Tuesday trading as The Stoxx Europe 600 declined 0.21%, the Swiss Market Index was off 0.15%, France's CAC lost 0.69%, the FTSE in London was down 0.22%, and Germany's DAX dropped 0.39%. European banks reported a further decline in demand for loans from companies but saw...
Copyright 2023-2026 - www.financetom.com All Rights Reserved