President Biden has revoked the ban on TikTok and WeChat set by Trump
Last year when former President Trump was around, he was on a roll banning Chinese tech brands such as Huawei, TikTok and WeChat for being a security threat. It was only a few weeks ago that Xiaomi got let off the hook, but right now, current President Biden has decided to revoke the ban on TikTok and WeChat.
So that's great news for TikTok and WeChat, right? Well, yes but these two tech companies aren't exactly clear yet. This is because while President Biden has already signed an executive order yesterday, he also ordered a new framework to determine if the country's security risks of transactions from apps that are still connected to the governments or militaries. China is a good example of this, as they collect data on their citizens and refused the new privacy relay function introduced by Apple.
Previously, the Committee on Foreign Investment in the United States (CFIUS) that was under the Trump Administration, set several deadlines for TikTok. There was some news about TikTok being potentially acquired by Microsoft (which failed), as well as becoming TikTok Global under the wing of Oracle and Walmart that has no update until today. Nevertheless, the CFIUS will remain under the US government's eye.
TikTok and WeChat have yet to comment on this matter and looks like Biden Administration is still not letting Huawei go yet from the blacklist. Until then, stay tuned for more trending tech news at TechNave.com.