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Sunday October 18, 2020

Implementation of Trump’s decision to ban TikTok is postponed and China is accused of abuse of power

Implementation of Trump’s decision to ban TikTok is postponed and China is accused of abuse of power

The Chinese government objected to the US administration’s initiative during its attempts to ban the popular video application TikTok owned by a company from China, accusing it of misusing the “national authority”, after a US federal judge prevented the implementation of the ban ordered by President Trump regarding downloading the TikTok application only hours before the entry The ban has actually come into effect, which some have seen as a politically charged decision.

The judge’s decision marks a temporary success for TikTok, which has over 100 million US users, TikTok is the app Most Successful Worldwide Chinese Company Produced And Record Big Profits On Stock ExchangeThe struggle over his fate could further undermine the internet and plunge the world’s two largest economies into a deeper confrontation.

Earlier, the Trump administration announced a ban on new downloads of the TikTok app as of September 28, when it asked Apple and Google to delete the TikTok app from their stores and not provide software updates for people who own the app in the United States.

TikTok’s attorneys presented a memorandum stating that the ban was “arbitrary” and would reduce data security by blocking updates and fixes to the application, and they also added that the imposition of the ban is not necessary because the company is already negotiating with the US administration over the re-ownership of the TikTok app.

Angry reactions

Says USA President “Donald Trump” The video application TikTok is an explicit and direct threat to national security, as it collects data for Beijing through close links to the Chinese company ByteDance, which launched the program with the Chinese government, while the company vehemently denied these allegations.

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A spokesman for the Chinese Foreign Ministry, “Wang Wen”, expressed his dissatisfaction with these actions, describing it as bullying behavior, and pointed out what the US administration is doing is an arbitrary method of suppressing companies of other countries, which represents a grave abuse of power.

Implementation of Trump’s decision to ban TikTok is postponed and China is accused of abuse of power

Wang added that the United States should have allowed companies to operate under more favorable conditions for investment and a suitable, fair and non-racial environment.

The Asian country says that the US administration is using powerful means to pressure the company to give up full ownership of this profitable application, which has more than 100 million subscribers in the United States. The pressure methods practiced by the United States are among the issues that spoil relations between it and the Chinese government.

These events have raised concerns about technology giants (Facebook, Google, and Twitter) about what the ban on the free internet might impose, as they see it as possible that the Chinese government will carry out reprisals against US companies in their markets.

Initial deal

US President Donald Trump signed executive decisions last August that obligated ByteDance to sell an app. TikTok In the United States, and in the event of non-compliance with the decisions, the company’s transactions will be suspended in the country, as the US administration accused the presence of the TikTok application as a threat to national security.

ByteDance, which currently owns the app, is in discussions to transfer ownership to a company Oracle Giant, and tentative terms in the deal refer to making Oracle a technology partner to implement TikTok in a new entity called TikTok Global.

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The initial deal was approved by President “Donald Trump”, and ByteDance stated that it would continue its discussions with the US administration, but the Chinese government’s position on the initial deal remains ambiguous.

Global stocks are down during the month of September

Separately, global stock markets witnessed a limited decline over the course of September’s transactions as a result of many factors that included the involvement of large global banks in transactions described as money laundering operations, as well as fears of a renewed rise in Coronavirus cases, sales in the markets.

Another factor heavier on the market, the Asian giant’s announcement of rules for a new regulatory body that could include foreign companies that deal unfairly with Chinese companies or pose a threat to Chinese national security, has not mentioned any of the companies that have been classified as unreliable entities.

But the Chinese government’s advertising media suggested that American technology companies, including Apple, Qualcomm and Cisco, be considered. This comes in light of recent tensions with China after the Trump administration threatened to ban the TikTok and WeChat applications owned by the Asian state in the United States.

Another blow to the aspirations of the Asian technological giant

The US administration did not stop this from undermining China’s ambitions for technological dominance, as it imposed restrictions on exports of the largest manufacturer of chips in China (SMIC), as the company’s shares tumbled on Monday 29 September.

The US Department of Commerce issued a decision to companies working with the Chinese company Semiconductor Manufacturing International Corp (SMIC), obliging them to obtain permission to sell their products, creating a new clash and conflict between the two countries.

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The decision pushed the company’s shares to decline on the Shanghai and Hong Kong stock exchanges, as the company’s shares fell by 7% and 3.9% respectively on Monday, September 29th.

SMIC is the largest manufacturer of chips and chips in the Chinese market, and it is also a pillar of the Chinese government’s plans to achieve self-certification of semiconductors.

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