China is alleging that America’s restrictions on mobile apps TikTok (BDNCE) and WeChat (TCEHY +1.7%) are in violation of World Trade Organization rules, Reuters reports.
That came in a closed-door meeting at the WTO, where China said the moves violate “basic principles and objectives” of multilateral trading, and that the U.S. failing to provide concrete reasons for its measures was a “clear abuse.”
In the same meeting, the U.S. said its actions were done to mitigate national security risks; it has argued that data on American users is getting seen by China’s government.
A potential deal for a stake in TikTok’s U.S. operations involving Oracle (ORCL +1.1%) and Walmart (WMT +0.9%) is still on the table but with little news of late.
