Tolga Akmen/AFP/Getty Images; Clancy Morgan/Business Insider TikTok has threatened to sue the Trump administration over Thursday's executive order that bans US citizens and companies from doing business with its Chinese parent company ByteDance. TikTok responded to the order on Friday, saying it was issued "without any due process." The executive order prohibits US individuals and companies from making "any transactions" with TikTok's parent company ByteDance.