U.S. President Donald Trump on Thursday signed an executive order barring transactions with TikTok's parent company ByteDance, starting in 45 days, according to a White House statement. 

The White House said the order was issued to address the threat posed by Chinese firm ByteDance's TikTok video app.

This combination of pictures created on August 01, 2020 shows the logo of the social media video sharing app Tiktok displayed on a tablet screen in Paris, and US President Donald Trump at the White House in Washington, DC, on July 30, 2020. (Photo: AFP)