Source: Associated Press of Finance
AP, April 25 (editor Niu Zhanlin) On Wednesday local time, US President Biden said that he had signed a foreign aid package worth US $95 billion, which also involves mandatory byte beating to divest TikTok, its application.
Biden claimed that before the bill became law, it experienced many challenges and difficulties. He felt that the process could have been smoother and that the bill should have reached his desk earlier, but the two parties finally overcame the difficulties and successfully passed the bill.
The day before, the bill had won wide support in the United States Senate, and was approved by almost all Democratic members and most Republican members.
According to the statement issued by the White House, after Biden signed the bill, the United States can start to deliver weapons and equipment to Ukraine from this week. It is reported that the bill includes more than $60 billion in aid to Ukraine and $26 billion in aid to Israel.
Biden said that the first batch of military equipment, including various anti-aircraft ammunition, artillery shells, missile systems and armored vehicles, worth $1 billion, will be delivered within a few hours.
In addition, the bill also includes an item to liquidate the seized Russian assets and transfer them to Ukraine. It is reported that the Russian assets transferred this time amounted to US $5 billion.
Critics believe that unilateral action without the cooperation of allies will weaken the status of the dollar and damage the demand for US treasury bonds. The Russian government has warned several times that Russia will take tough retaliation measures if the western countries transfer the seized Russian assets of $300 billion to Ukraine.
Will fight back through legal channels
As for TikTok terms, Byte Bounce will have about nine months to divest its US business, otherwise it will face a nationwide ban in the US. In addition, if Biden determines that the sale has made progress, he can also exercise a 90 day extension right.
TikTok vowed to fight back through legal means. After Biden signed the bill, the company said: "We will challenge it in court. We believe that the facts and laws are clearly on our side, and we will win in the end. This ban will destroy 7 million enterprises and silence 170 million Americans. While we continue to challenge this unconstitutional ban, we will continue to invest and innovate to ensure that TikTok is still an American from all walks of life who can safely share their experiences, find happiness and be inspired. "
In addition, TikTok CEO Zhou received funding to release a video saying that this was a disappointing moment, and reiterated the company's commitment to launch legal challenges. "Please rest assured that we will not go anywhere. The facts and constitution are on our side, and we look forward to winning again."
Editor in charge: Chen Jianrui SN243
