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After TikTok, Trump indicates banning Alibaba, other Chinese firms in US

Aug 17, 2020, 10:57AM ISTSource: TOI.in

US President Donald Trump has indicated that he was looking to ban other Chinese-owned companies, including e-commerce giant Alibaba in the United States. The development came after Trump issued an executive order on August 14, requiring ByteDance to divest its interests in video-sharing app TikTok’s operations in the US within 90 days. “There is credible evidence that leads me to believe that ByteDance … might take action that threatens to impair the national security of the United States,” the US President said in the order.

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