China slams President Trump's TikTok banned-or-be-bought plan in the US
- Reference: 1596608826
- News link: https://www.theregister.co.uk/2020/08/05/china_slams_tiktok_trump_plan/
- Source link:
On Saturday, the Trump administration vowed to "close down" the Chinese-owned video-sharing app unless it is bought by a "very American" company within 45 days.
Washington has repeatedly raised concerns that TikTok's developer ByteDance is too close to the Chinese government. Washington worries that such ties could put the personal information of 100m American users into the hands of the Chinese government.
China hit back at a press conference on Tuesday, where Wang Wenbin, the spokesperson for the Foreign Ministry of Affairs, said: "For a while, without providing any evidence, the United States has stretched the concept of national security and abused its state power to bring down certain non-US enterprises."
“Such practice goes against market economy rules and the WTO principles of openness, transparency, and non-discrimination. It is a blatant act of bullying, which China firmly opposes."
Microsoft is currently [1]in discussions to buy the social media biz from its parent company, ByteDance. After a call with President Trump, Microsoft said on Monday it would "move quickly to pursue discussions" with a view to completing them by September 15 at the latest.
Microsoft has promised a "complete security review” of the company and to implement a “world-class security, privacy, and digital safety protections” if the deal goes through.
China, which has made access to Facebook, Google, and Twitter all-but-impossible for the better part of a decade, argues that Washington’s heavy-handedness lays bare “the hypocrisy of the so-called fair competition touted by the United States” and has called for the Trump administration to “refrain from politicizing economic issues”. ®
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[1] https://www.theregister.com/2020/08/03/microsoft_confirms_tiktok_interest_after_nadella_trum_talks/
[2] https://whitepapers.theregister.com/
I don't think this is the right demonstration of that. He may be, (and I think he's a lying swine with no morals and less sense) but as stated US companies can't get into China... why allow Chinese companies to get rich off Americans?
Broken clocks and all that.
why allow Chinese companies to get rich off Americans?
Because Americans want cheap stuff produced in a country that can make stuff for a fraction of the (p)rice that American production would take. So much difference indeed that the American companies can make a very decent profit by selling the cheap Chinese stuff to the American consumers.
Americans love capitalism, don't they? Or is that only if they are on the positive/winning side of the balance? And surely, the Americans have always played a fair game (just like with all the south American countries).
What ticks me off, as an American, is that I can buy a lot of useful and different tools at Harbor Freight, which are not available at Sears/Home Depot/Ace/Lowe's/etc at any price.
Incorrect premise?
US companies can't get into China...
There is a VERY long list of American companies active in China at http://jiesworld.com/international_corporations_in_china.htm It seems likely that if Donald the Useless continues his rather poorly thought out assault on Chinese companies in the US, the list of US companies operating in China will abruptly get shorter.
One problem with trade wars is that the enemy gets to shoot back.
It doesn't have much to do with this, though.
I wish the UK would have shown more protectionism, way too many businesses have been sold off left and right.
This action by the Trump administration doesn't have anything to do with protectionism though. Forcing a company to sell to another or be banned while demanding a cut of the proceeds is extortion not protection.
tit for tat
Microsoft has promised a "complete security review” of the company and to implement a “world-class security, privacy, and digital safety protections” if the deal goes through.
I guess this statement is, privately behind the scenes, augmented by the promise that, just like the other side, the new "very American" company will also ensure that the US' three letter agencies will have full access to the data .
I do not trust either country to do the Right Thing TM .
Re: tit for tat
Yes, the argument that "it could give data to the Chinese government" is double speak for "it isn't giving it to us."
Hmmm
While they are absolutely correct, there is a considerable element of karma here.
So you've missed out the big detail.
Trump has demanded a cut for the treasury of any deal, due the fact he is forcing the price down.
Its gone from protectionism to racketering.
And remember, this could easily happen to ANY non US company he feels threatens the USA in competitiveness.
Re: So you've missed out the big detail.
"Trump has demanded a cut for the treasury of any deal, due the fact he is forcing the price down.
Its gone from protectionism to racket[e]ering."
I'm surprised he didn't ask for personal commission, to be honest.
Re: So you've missed out the big detail.
He'll expect that from the US Treasury.
Re: So you've missed out the big detail.
Sounds to me like Trump is demanding a bribe. Isn't there a law against this in the States?
Re: So you've missed out the big detail.
Sounds to me like Trump is demanding a bribe. Isn't there a law against this in the States
There are plenty of laws against this. But this is, after all, Donald "Teflon" Trump. He can say anything, do anything, and still get away with it.
Remember, this is the same Donald Trump who firmly believes that as long as he is still the PotUS he has automatic immunity for anything.
Trump makes the Sicilian mafioso amateurish.
Y'call that a shakedown? That's not a shakedown. Now, this. This is a shakedown. Watch and learn.
Re: So you've missed out the big detail.
That's for little people.
Re: So you've missed out the big detail.
You've never seen how the Beltway bandits in Washington work then, have you?
Come on
How innovative do you really need to be to make an app to share video clips...?
Does it need to be imported? No, grow it at home.
Great, now about Facebook/Insta/Google/all of SV really.... any chance you can throw a wall around those guys and get the F out of Europe?
Re: Come on
We literally used to have one. It was called Vine and for no clear reason whatsoever it closed.
Trumps statement that is has to be a American company that Bytedance sells its operations to, to stop them getting blocked in the US is pure for the US own financial gains and so the US 3 letter agencies can slurp the data themselves rather than it going to China
Considering how the US is supposed to be a model of free market capitalism why couldn't a non china based company purchase it? I would much rather have a European owned social media platform than another one operating from the US. As apart from a few smaller localised social networks like VK in Russia, all the big social media platforms are already owned by US companies.
Fate of UK TikTok?
Apparently Microsoft intends to buy TikTok's operations in the US, Canada, NZ and Australia. What happens to the UK in this scenario? Will UK users be able to access US TikTok or will they be cut off? It will be a pretty thin experience with most English-language content removed. I'm not clear why MS wouldn't buy the UK operations too, not least given UK is the fifth Eye. Can anyone explain?
Re: Fate of UK TikTok?
Because post Brexit, Boris want's us to the US' bitch/51st State?
Re: Boris want's us...
Sorry no he does not. Dominic Cummings wants...
Don't forget who is pulling Boris's puppet strings.
Counting the seconds to the end,..TikTokTikTok..
Oh I'm sure the Orange One will offer to include the UK in their purchase of TikTok if it gets BloJo to agree to sell off the NHS or allow unsanitary foods to be sold in the UK. After all, isn't he the man who does the deals, or so he keeps on telling everyone.
China have always been very restrictive of letting foreign companies into their market, and even those that jump the hurdles and submit to the restrictions find themselves in a biased market. Very much a case of what goes around comes around and TikTok looks likely to go down the plughole because of that. First one to create a "competitor" could make a fortune.
Evil breeds evil
We entered hell in 2016.
Right
So China bans FaceBook, Google and Twitter but the USA banning TikTok is unfair and goes against market transparency.
Okay, basically Trump banning TikTok is unfair, but come on, find another argument. That one is totally not justified.
I can't help thinking that the moment he steps down from office there'll be a ton of writs descending on him.
Not really much you can say, Trump is an idiot.