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Trump Ratchets Up Fight With TikTok’s Chinese Owner

  • Decision emerges after inquiry by foreign investment panel
  • ByteDance has 90 days to divest under terms of latest order
Trump Widens China Tech Attack, Banning Tencent's WeChat, TikTok
Photographer: Ivan Abreu/Bloomberg
Updated on

President Donald Trump on Friday ordered the Chinese owner of the popular music video app TikTok to sell its U.S. assets, citing national security grounds and delivering the latest salvo in his standoff with Beijing.

Trump’s decision came after an investigation by the Committee on Foreign Investment in the U.S., or CFIUS, which reviews proposed acquisitions of American businesses by overseas investors for national security concerns. The unexpected order was tied to the CFIUS’ timeline, according to people familiar with the decision.