When it comes to 1 nationwide safety concern, the president adopts an analogous place to his predecessor.
Tension between the U.S. and China has been rising over all kinds of areas from U.S. tariffs on imports, to the dealing with of the Covid pandemic, to China’s relations with Russia, its human rights violation and Taiwan’s autonomy.
Now it is gotten to the purpose that President Joe Bidden has issued an ultimatum over a expertise firm that is successfully the identical as one made by the person he defeated for the presidency in 2020.
DON’T MISS: U.S. May Ban TikTok
The house owners of Chinese firm ByteDance Ltd. should divest their stakes in social media video app TikTok or it might be banned within the U.S., the federal authorities mentioned, in response to the Wall Street Journal.
“TikTok executives have said that 60% of ByteDance shares are owned by global investors, 20% by employees and 20% by its founders, though the founders’ shares carry outsize voting rights, as is common with tech companies,” the Journal reported.
In the previous few years, TikTok has been below rising scrutiny for suspicion concerning the firm’s ties to the Chinese authorities and concern over what precisely it does with knowledge it collects, comparable to location and content material preferences it is ready to compile from its customers.
TikTok Says Sale Wouldn’t Help
Any safety danger wouldn’t be decreased by a required sale, TikTok mentioned.
“If protecting national security is the objective, divestment doesn’t solve the problem: a change in ownership would not impose any new restrictions on data flows or access,” TikTok spokeswoman Brooke Oberwetter mentioned in an announcement, the Journal reported.
This coverage stance from Biden and his administration places him in a uncommon place: in settlement with former President Donald Trump.
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Citing nationwide safety considerations in the summertime of 2020, Trump sought to ban TikTok from use throughout the United States if it wasn’t offered to a U.S. entity. Trump issued an government order that August successfully saying that TikTok was dealing with an imminent ban within the U.S.
A Federal decide blocked Trump’s order on the finish of the yr. A plan to promote TikTok’s U.S. operations to Oracle and Walmart was placed on maintain by the Biden administration early in 2021 however and was finally shelved.
Now, nonetheless, TikTok has been banned from Federal Government issued telephones and gadgets amid bipartisan concern over the potential misuse of knowledge from the extremely in style app by Chinese authorities.
Source: www.thestreet.com
