Washington vs TikTok: Wide bipartisan push against Chinese ownership
LAST week’s overwhelming vote on Capitol Hill – 352 to 65, reflecting broad bipartisan support – to approve a Bill that would ban TikTok, the popular video-sharing platform, from US devices unless it gave up its Chinese ownership, was expected, if slow in coming.
The Bill – introduced by Wisconsin Republican Mike Gallagher and Illinois Democrat Raja Krishnamoorthi, and endorsed by Biden administration officials – would ban TikTok from app stores and web-hosting services in the United Services if the company doesn’t divest from its Chinese owner, ByteDance. The legislation allows the US president to prohibit social media apps that are controlled by “a foreign adversary”.
The message from Washington, including Congress and the White House, to TikTok was simple: Cut your ties with Beijing, or break up with the US.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Relative measures can be absolutely wrong
Without a game changer, Sentosa Cove condos will continue underperforming
Iran-Israel strife throws out a lifeline to shippers
How to handle populists: a CEO’s survival guide
Expanding a portfolio’s efficient frontier with natural capital investments
SGX RegCo should push companies to help minorities requisition resolutions at AGMs