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Trump's ban on TikTok is another move in the 'tug-of-war' between the US and China that may send the Oracle deal back to the drawing board, experts say

Trump's ban on TikTok is another move in the 'tug-of-war' between the US and China that may send the Oracle deal back to the drawing board, experts say


Reuters




The US Commerce Department said on Friday that it would prohibit downloads of TikTok and WeChat beginning September 20.




The move comes after Oracle and TikTok announced a proposal for the enterprise tech giant to become TikTok's "trusted technology provider" in the US.




But experts say the move to ban TikTok suggests that the involved parties are not happy with the deal.




That could send the deal back to the drawing board, some experts say.




Trump is said to have been pushing for US ownership, and the Oracle deal would have left ByteDance as the majority stakeholder.




Visit Business Insider's homepage for more stories.


After weeks of uncertainty, the Trump administration is upholding its decision to take action against TikTok and WeChat, two of the world's most widely-used social networks that are both owned by Chinese tech companies.The US Commerce Department announced on Friday that it would prohibit TikTok and WeChat from being offered in US app stores beginning Sunday, September 20. The move comes after Oracle emerged as the "trusted technology provider" for TikTok's US presence, a proposal that TikTok said it believed "would resolve the administration's security concerns."But the decision to prohibit the app from being downloaded in the United States is a sign that at least some of the parties involved aren't satisfied with the terms of the Oracle deal a?? whether it be the US government, TikTok's parent company ByteDance, or the Chinese government, experts say. "I think what it means is they may have to bring their pencils back to the deal table and offer some potential concessions," Theresa Payton, former White House chief information officer and CEO of cybersecurity consultancy firm Fortalice Solutions, said to Business Insider.
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