TikTok Might File Lawsuit Against Trump’s Executive Orders
TikTok, a widely popular video-sharing app, is planning to move with its plan to challenge the executive order that forces its sale or ban of its service in the United States. The app has recently come into the center of the U.S. and China economic conflict.
Yesterday, National Public Radio said that TikTok could file a federal lawsuit as soon as Tuesday that challenges the order. According to the reports of NPR, TikTok will challenge both the constitutionality of the ban and its underlying claims that its service represents a national security threat.
The company has said that the orders were issued without any due process and they will risk undermining global businesses’ trust in the country. They further added that the White House wants to use to ban the app under the International Emergency Economic Powers Act and the National Emergencies Act.
The International Emergency Economic Powers Act passed in 1976 during the Iran hostage crisis allows the President to issue tariffs and suspend economic relationships with other companies. After the executive orders were signed by the President, Microsoft issues a statement that they are in talks with Bytedance on acquiring TikTok.
In a statement, Microsoft said “Following a conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States. Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury.”
According to reports by Fortune, analysts and bankers said that TikTok’s U.S. operations could be worth anywhere from $20 billion to $50 billion.
On Thursday, President Trump signed executive orders putting a 45-day deadline on companies in America to unwind their business relationships with TikTok’s parent company Bytedance and WeChat’s parent company Tencent.