House Republicans and Democrats plan much more scrutiny of the U.S.’s economic entanglement with China, and fears over TikTok are growing.
last year, 82 percent of Americans surveyed said they had an unfavorable view of the country, more than twice the figure in 2012 when President Xi Jinping took office.
Now, instead of being celebrated, the popular social media site represents a cautionary tale of the costs involved in unwinding the U.S.-China partnership.Tik Tok says it already has spent $1.5 billion on its proposal to address Washington’s security concerns by removing its U.S. operations from ByteDance’s control. The interagency Committee on Foreign Investment in the United States since August has been reviewing the proposed “mitigation agreement,” which would place the U.S.
Other costs of a ban include the potential loss of digital content created by the millions of Americans who have posted videos on the site and retaliation against U.S. companies operating in China, said the IGP study. “My real concern is particularly if this tension and this competition with China continues to heat up is suddenly, well, you know, you’re not going to see any videos that would be ever critical of the CCP or you’re suddenly going to see videos that are more critical of the United States or critical of democracy,” said Sen. Mark R. Warner , chairman of the Senate Intelligence Committee.
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