(FinancialHealth.net) – On August 7, President Donald Trump issued an order banning TikTok from operating in the United States. The company will have until September 15 to sell the video streaming platform to Microsoft.
This move came after months of allegations the app’s parent company, ByteDance, was gathering user data and sending it back to China. That news was the latest example of why many Americans believe we need to put distance between our two countries.
Many of the goods and services we enjoy come from China. President Donald Trump recognized that when he ran for office in 2016, and he vowed to put American manufacturers first. On August 6, the commander-in-chief signed an executive order to bring drug making back to the US and further that goal.
Today, President @realDonaldTrump signed a new executive order to expand “Made in America” production, bring manufacturing jobs back to the United States, and ensure that our citizens have access to the life-saving medicines they need!
— The White House (@WhiteHouse) August 7, 2020
Where’s That Company Really From?
To support goods and services from US companies, you need to know who NOT to buy from. Here are some of the companies that are owned by the Chinese now:
Dairy Farmers of America Inc.
(IBM) x86 Server Business
Carmike Cinemas (AMC)
Baby Trend Inc.
California Grapes International Inc.
American Girl Doll
J.M. Smucker’s Company
As a consumer, you have the power of the purse. If you want more American-made goods, you have to make sure you aren’t buying items or using services owned by Chinese companies. The easiest way to do that is by reading labels, researching products and shopping locally.
~Here’s to Your Financial Health!
Copyright 2020, FinancialHealth.net