Trump bans transactions with TikTok's owner

WASHINGTON: U.S. President Donald Trump on Thursday issued an executive order banning any transactions with ByteDance, the Chinese company that owns the video-sharing app TikTok, starting in 45 days. The app may be used for disinformation campaigns that benefit the Chinese Communist Party and the United States "must take aggressive action against the owners of TikTok to protect our national security," Trump said in the order.The order comes even as ByteDance is in talks with American software major Microsoft for the sale of TikTok after Trump said he would ban the popular video app in the country.