Trump issues executive orders banning transaction with WeChat,TikTok in 45 days

President Donald Trump issued executive orders banning U.S. transactions with Chinese tech firms Tencent and ByteDance.

Tencent owns Chinese messaging app WeChat, and ByteDance is the Beijing-based parent company of the widely popular short video-sharing app TikTok.

The ban will take effect in 45 days and may attract retaliation from Beijing.

While the scope of the ban remains unclear, the executive orders said that after 45 days, Secretary of Commerce Wilbur Ross “shall identify the transactions” that will be subjected to the prohibition.