Trump said he will ban Chinese-owned short-video app Tik Tok in the US

Maryland: U.S. President Donald trump said on Friday, July 31 that he was planning to sign an executive order as soon as Saturday, August 1 banning Chinese-owned short-video app TikTok from the United States.

The move would be the culmination of U.S. national security concerns over the safety of the personal data that TikTok handles. It would represent a major blow for TikTok's owner, Beijing-based ByteDance, which became one of only a handful of truly global Chinese conglomerates thanks to the app's commercial success. "As far as TikTok is concerned, we are banning them from the United States... I will sign the document tomorrow," Trump told reporters on Air Force One.

Trump's announcement followed frantic negotiations on Friday between the White House, ByteDance and potential buyers of TikTok, including Microsoft Corp. They failed to produce a deal that would result in the Chinese company shedding the app's U.S. operations, according to people familiar with the matter. The talks are expected to continue in the coming days.