President Biden canceled a Trump-era endeavor to ban Chinese-owned TikTok and WeChat, substituting Wednesday an executive order mandating a wide review of apps controlled by foreign adversaries to decide whether they pose a security threat to the US.The new order doesn’t target any specific companies but creates the potential for an even wider suppression of Chinese-owned apps than the Trump administration orders it replaces by mandating a review of all software applications with potential ties to countries such as China.The Commerce Department was authorized to initiate that review immediately.According to senior Biden administration officials, the executive order is designed to replace the Trump administration’s approach by targeting individual companies with a wider process for reviewing risks posed by foreign-owned apps. The officials state that the executive orders signed by former President Donald Trump were effectively inapplicable.
Published by
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital
©️ MEXEM AFRICA (PTY) LTD (MEXEM AFRICA) is an authorized financial services provider (FSP 48325). All trades on the MEXEM AFRICA platform are subject to the legal terms and conditions to which you agree to be bound.
The MEXEM AFRICA platform enables users to invest in securities. MEXEM AFRICA acts as an agent for the issuance of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions, and all the economic benefits and risks associated with share ownership.
The availability of any share on the MEXEM AFRICA platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you. Images are for illustrative purposes only and past performance is not necessarily an indication of future performance.
The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between MEXEM AFRICA and the listed company or the payment of fees for services. Brand logos are owned by the respective companies and not by MEXEM AFRICA. The use of a company’s brand logo does not represent an endorsement of MEXEM AFRICA by the company, nor an endorsement of the company by MEXEM AFRICA, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the MEXEM AFRICA website.
Read our Forms & Disclosures.