The spokeswoman claimed that having a forced sale “would seriously damage investors from multiple countries including China” and hurt “confidence to invest in the United States.”
This comes after the popular Chinese social media app has already been banned on U.S. government devices for being a potential national security problem — when a provision was added to the $1.7 trillion omnibus spending bill President Joe Biden signed into law — while numerous governors have also taken similar action in their respective states.
Additionally, there is currently legislation in the U.S. Senate — backed by the Biden administration — that would empower the secretary of Commerce to “ban or prohibit” foreign technology in six adversary nations from entering the United States. This would ultimately include TikTok’s China-based parent company.
This is not TikTok’s first time dealing with the U.S. attempting to eliminate the social media app. In 2020, then-President Donald Trump’s administration tried to ban TikTok, which resulted in the Chinese social media app’s parent company divesting the platform to an American company.