From September 20, the US authorities will ban the downloading of applications by Chinese developers WeChat and TikTok in the country. This is stated in the official statement of the Ministry of Commerce. The prohibition also applies to support for already installed applications. US Commerce Secretary Wilbur Ross calls these measures countering China's “malicious collection of personal information about Americans” in the name of “promoting American values, laws and regulations.”
If by November 12 the work of these mobile applications in the United States does not come under the control of American companies, the authorities will begin to restrict their work. It is expected that the decision to sell the American segment of the social network TikTok will be made in the near future. Negotiations are underway with companies such as Walmart (NYSE: WMT), Oracle and Microsoft (NASDAQ: MSFT).
American claims to popular Chinese mobile applications boil down to the fact that they get access to users' geolocation and moderate their messages. 50 million Americans use the TikTok app every day. But other applications that work like social networks have the same capabilities. Including such American giants as Facebook (NASDAQ: FB) or Twitter. Chinese developers have denied accusations that they store American user data in China and may transfer it to the PRC government.