TikTok’s woes subsided after Trump’s election defeat. Although the company is still being closely watched with the new executive order of the Biden administration, analysts say the significant ups and downs for the company will be significantly reduced.
James Lewis, senior vice president of the Center for Strategic and International Studies, said the Biden administration has not relaxed its strong stance on China. But the new order offers much more precise criteria for weighing the risks posed by TikTok and other companies owned by foreign rivals such as China.
“They are moving in the same direction as the Trump administration but in some ways tougher, in a more orderly and well done way,” Mr. Lewis said. He added that Mr Biden’s order was stronger than the Trump-era directive because “it’s coherent, not random.”
Under the new system outlined at Biden’s behest, Commerce Secretary Gina Raimondo will be empowered to “use a criteria-based decision framework and rigorous evidence-based analysis” to test software applications. software designed, manufactured or developed by a “foreign competitor,” including China, according to a memo circulated by Commerce Department officials and obtained by The New York Times.
“The Biden administration is committed to promoting an open, interoperable, trusted, and secure internet,” the memo said. “Some countries, including China, “do not share these democratic values”.
On Wednesday, administration officials would not go into specifics about the future of TikTok’s ability to make available to US users or whether the US government would seek to force ByteDance, which owns the app, to switch over. US user data for a company based in the US or not. Amid some of the successful legal challenges ByteDance has made, a data transfer agreement to Oracle was struck this year shortly after Mr. Biden took office.
Administration officials say the review of TikTok by the United States Foreign Investment Commission, which considers the national security implications of foreign investments in U.S. companies, is still ongoing. and separate from the command.