A US TikTok ban could be reality if Chinese owners do not sell their stake

Key PointsThe White Home has had a TikTok ban in its sights for a number of years now.It has mentioned it may ban the app if Chinese language house owners don’t adjust to promoting a stake within the app.TikTok mentioned divestment wouldn’t assist defend towards nationwide safety issues.The Biden administration has demanded TikTok’s Chinese language house owners divest their stake within the widespread video app or face a attainable US ban, the Wall Avenue Journal studies.The transfer could be essentially the most dramatic in a collection of current steps by US officers and legislators who’ve raised fears that TikTok’s US person knowledge may very well be handed on to China’s authorities.TikTok has greater than 100 million US customers.The White Home declined to touch upon Wednesday.TikTok spokeswoman Brooke Oberwetter mentioned in an announcement to Reuters, “If defending nationwide safety is the target, divestment would not clear up the issue: a change in possession wouldn’t impose any new restrictions on knowledge flows or entry.”TikTok Chief Government Shou Zi Chew is because of seem earlier than the US Congress subsequent week.Any US ban would face vital authorized hurdles. The Trump administration sought to ban TikTok in 2020 however was stymied by a collection of courtroom rulings.TikTok and the US Treasury-led Committee on International Funding in the USA (CFIUS) have been negotiating for greater than two years on knowledge safety necessities. TikTok mentioned it has spent greater than $US1.5 billion ($A2.3 billion) on rigorous knowledge safety efforts and rejects spying allegations.The Wall Avenue Journal mentioned CFIU made the sale demand just lately. A Treasury spokesman declined to remark.TikTok on Wednesday mentioned, “One of the best ways to handle issues about nationwide safety is with the clear, US-based safety of US person knowledge and techniques, with strong third-party monitoring, vetting, and verification.”