September 18, 2020
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10:22Now PlayingThe U.S. moved to expel the Chinese-owned WeChat and TikTok apps from U.S. app stores as of Sunday, while reserving the right to reverse a ban on TikTok’s video-streaming service once it can hammer out a deal to satisfy national security concerns.
Bloomberg’s Kurt Wagner joins us live to unpack this news.
The Commerce Department restrictions lay out two, largely separate timelines for WeChat and for TikTok. Restrictions for both go into effect on Sept. 20, but Tiktok transactions won’t be impacted until Nov. 12, allowing the video app additional time to hammer out a deal with Oracle that satisfies the Trump administration. If the national security concerns are resolved by then, the prohibitions may be lifted, the Commerce Department said.
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