President Trump says no American company to do business with Chinese firm Tik Tok

The President called the Chinese company a ‘threat to national security.’

Tik Tok’s precursor, Musical.ly was aquired by the Chinese company ByteDance in 2017 and now the President has given them three months to sell off their American-based assets after signing an executive order on Friday.

President Trump also said no American companies are to do business with them.

It comes after Trump accused ByteDance of using their popular app to ‘steal data’ on American citizens and called the company a ‘threat to Americans.’

“There is credible evidence that leads me to believe that ByteDance… might take action that threatens to impair the national security of the United States,” Trump said in his order yesterday.

The Chinese consulate in Houston, Texas was filmed last month with workers burning equipment in the grounds leading American authorities to believe that they had been spying on American citizens.

Beijing was accused of data theft which they deny.

ByteDance is currently in negotiations with Microsoft to sell off its TikTok operations in North America, Australia and New Zealand but no deal has yet been reached.

The popular app is a video-sharing social networking service used by millions of Americans and involves them having to input personal data to use.