President Donald Trump's executive order banning China's TikTok could prevent U.S. app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White House document seen by Reuters. Trump signed an order last week prohibiting transactions with TikTok if its parent ByteDance does not reach a deal to divest it in 45 days. It did not specify the scope of the ban, stating only that the U.S. Department of Commerce would define which transactions would be barred at the end of the 45-day period.
Trump's comments come after the Biden campaign announced Harris as his running mate this fall.
Treasury Secretary Mnuchin says new payments can be sent quick. So where are they?
A massive dose of government aid has been helping prop up the U.S. economy in the face of the coronavirus pandemic and the shutdowns it forced. But with any additional federal cash infusions now caught up in stalled negotiations between the White House and congressional Democrats - and with the executive actions signed by President Trump this weekend expected to deliver limited relief at best - the U.S. economy faces significant risks, economist warn."We are increasingly concerned that this best-they-can do stimulus from the White House will never make it fully to the execution stage and the economy will be left to sink or swim on its own," Chris Rupkey, chief financial economist at...