Trump aimed for a clear-cut win over China when he demanded that TikTok's Beijing-based parent sell the popular video-sharing app to an American company or be banned from operating in the U.S. Now he may have to settle for less.
, urged the administration to “promptly reject” the proposal, saying it fails to satisfy concerns about China’s influence over the app.
China hawks say that choice was based on the notion that TikTok's data would be safer in the hands of a U.S. company. So any deal that doesn't resolve the underlying fear about U.S. data being funneled to Beijing shouldn't win the president's approval. Mnuchin said the Committee on Foreign Investment in the U.S., an interagency group that examines business deals for national security implications, will review the proposal this week and plans to make a recommendation to Trump.
As negotiations between ByteDance and potential suitors were underway, the Chinese government issued regulations of its own. The Ministry of Commerce added algorithms and artificial intelligence technologies, such as those that power TikTok, to an export control list, meaning the government must approve any sale before it can be completed. The Chinese government has since indicated via state media reports that it would not support a forced sale of TikTok to a U.S. buyer.
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