Trump’s TikTok Dance: The Politicisation Of American Business
Partner Antonia Tzinova was cited in a Financial Times article about the fate of TikTok, the Chinese-owned video app which has become hugely popular among younger Americans. The U.S. national security community had been keeping close tabs on TikTok since at least early 2019, believing that the data it collects could be used for espionage. In an executive order, President Trump set a September 20 deadline for TikTok to be sold to a U.S. company or be banned in the country. When Oracle announced that it had won the deal for TikTok, national security analysts began to raise questions. The Committee on Foreign Investment in the U.S. (CFIUS), an inter-agency body that assesses the national security implications of foreign deals with U.S. companies, has also played a significant role in the fight over the app.
“They’re taking the position that they do care whether we remain the pre-eminent economic power on the world stage,” said Ms. Tzinova,
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