#House #Representatives #TikTok #longer #remain #Chinese #hands
Economy•Mar 13 ’24 3:43 PM •Modified on Mar 13 ’24 4:55 PM Author: BNR Web Editors
TikTok may no longer remain in the hands of the Chinese ByteDance, the American House of Representatives has just decided. If the Chinese owner does not sell the American part of TikTok within six months, the app will be banned in the US, unless the Senate and judges intervene.
House of Representatives: TikTok should no longer remain in Chinese hands
2 min 5 sec
The House decided by an overwhelming majority that the Chinese ByteDance must sell its share of TikTok to an American party. Despite a strong lobby from, among others, former president and presidential candidate Donald Trump and the CEO of TikTok, Shou Zi Chew, the vote turned out to the disadvantage of the Chinese company.
Strong magnifying glass
However, there were some doubts among the delegates. These not only concerned Republicans’ fear of distancing themselves from Trump in view of the upcoming elections, they also concerned the risk of unforeseen consequences. There is a chance, they fear, that Europe will put American apps under an extra strong magnifying glass if the Americans are so resistant to Chinese apps.
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More than 170 million Americans use TikTok. The big question now is whether the bill will also pass the Senate before it ends up with President Joe Biden for signature, says tech editor Ruth Oei. Yesterday, Senate Democratic Majority Leader Chuck Schumer said he could not promise there would be a vote on the bill. But that was yesterday, now that the bill has been passed in the House, the world looks very different.’
Trump and Biden would not regret leaving TikTok
Biden appears to have already said that he will immediately sign the bill when it lands on his desk. Prior to this, the law must also be able to withstand a huge legal offensive from TikTok. ‘Shou Zi Chew will do everything he can to stop the law.’ It could still be a drawn-out affair. ‘Remember that both Trump and Biden do not view the end of TikTok in the US very negatively.’
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TikTok should no longer remain in Chinese hands. The US House of Representatives has just decided that. If the Chinese owner does not sell the American part of TikTok, the app will be banned in the US in a few months.
