Trump Signs Executive Order That Will Effectively Ban Use Of TikTok In the U.S.

President Trump on Thursday invoked his emergency economic powers to impose broad sanctions against TikTok, a move that steps up pressure on the Chinese-owned app to sell its U.S. assets to an American company.

In the order, which takes effect in 45 days, any transactions between TikTok’s parent company, ByteDance, and U.S. citizens will be outlawed for national security reasons.