President Donald Trump said he could act to ban the world’s most popular short video app TikTok from the US as early as Saturday, according to The Hill.
The president said he could use “emergency economic powers or an executive order” to bar TikTok from the US, he told reporters aboard Air Force One on Friday.
The news came hours after reports broke that Microsoft was in talks to buy TikTok. Investors are reportedly valuing three-year-old TikTok at $50 billion. In his remark on Friday, Trump signaled he was not supportive of allowing an American company to acquire TikTok.
On the same day, Bloomberg reported that Trump could order ByteDance to divest its ownership of TikTok.
In response to Trump’s decision, TikTok, as usual, tried to make a case that it’s in the interest of the US to keep the app and it poses no national security threat: