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Press. Trump will extend the deadline for sale to US ownership.
- I made tremendous progress in Tiktok Deal
- I register an executive order to keep Tiktok and run for an additional 75 days
- He hopes to continue working in good faith with China
- We don’t want to oppress Tiktok
- We look forward to working with Tiktok and China to close the deal
- I understand that China is not very happy about our mutual tariff.
As a review:
National security concerns
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US officials have caused warnings of Tijook’s ownership by Betanance, a Chinese company.
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Fears are focused on the Chinese government’s capabilities to access user data, due to the national intelligence laws in China that can force companies to share information.
Data privacy risks
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The app collects a wide range of data, including:
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Site data
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Date of browsing
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IDs of the device
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There are concerns that these data can be used to monitor or influence campaigns.
The effect of content and manipulation of algorithm
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The legislators have warned that Tiktok algorithm can be used to enhance or suppress specific content, which may affect public opinion or even elections.
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Anxiety is not only data collection, but information control.
Prohibition of government agencies
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The application has already been banned on federal government agencies, as well as by many American states, noting the threats of national security.
Legislative payment
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The efforts made to compel the American Tiktok operations.
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In 2020, President Trump issued an executive order to ban Tiktok unless he was sold to an American company. This matter was banned in court.
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In 2023-2024, legislation from the two parties appeared aimed at banning Tiktok or forcing the sale unless the disposal is eliminated.
Some national concerns are more important than others. Meanwhile, national security concerns are kicking on the road. Of course, what if the Chinese government will not allow for sale? What if the eleventh China wanted to use the sale as a bargaining piece of tariff? This is far from the solution.
This article was written by Greg Michelvski on www.forexlive.com.
