* The Commerce Department announced it will ban U.S. business transactions with China-owned social apps WeChat and TikTok on Sunday.
* The announcement sets up two different time frames for WeChat and TikTok, with a full ban on WeChat going into effect Sunday along with a ban on updates and maintenance to the TikTok app.
* TikTok has a Nov. 12 deadline before companies are banned from providing cloud and internet services for the app, which could give Oracle more time to hammer out its offer for TikTok to satisfy President Trump.
The Commerce Department announced Friday morning that it will ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday.
The announcement comes ahead of an expected statement Friday by President Donald Trump on whether or not the government will approve a deal for Oracle to take a minority stake in TikTok and become a “trusted technology partner” for the company in the U.S.
The Commerce Department’s announcements leaves room for a deal to go through before the Sunday deadline, and it could be an aggressive move from the Trump administration to push for its original intention to force TikTok to become fully owned by a U.S. company.
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WNU Editor: Banning Tik Tok is going to hurt Chinese app companies and developers. But the biggest damage will come from banning the hugely popular app WeChat. The Chinese government is naturally upset. But I am not impressed. China already bans a number of US tech and social media companies from operating in China. They are now getting a dose of their own medicine.
US bans WeChat, TikTok from app stores citing security risk — AP
Trump to block U.S. downloads of TikTok, WeChat on Sunday — Reuters
US to ban TikTok downloads, WeChat use from Sunday — France 24
TikTok, WeChat to be banned Sunday from US app stores — The Hill
Trump administration to ban Americans from downloading TikTok, WeChat on Sunday — FOX News
US will ban WeChat and TikTok downloads on Sunday — CNN
TikTok and WeChat: US to ban app downloads in 48 hours — BBC