One thing is certain: the company’s aggressive lobbying strategy ultimately did more harm than good.
A TikTok logo on display at VidCon, an annual convention for influencers, fans, executives, and online brands. Anaheim, California, June 2022. Credit: Anthony Quintano via Flickr
TikTok is now one of the biggest stories in business and geopolitics. U.S. President Joe Biden has just signed a law that will ban the massively popular app in nine months if its Chinese owner, ByteDance, does not sell it to a non-Chinese entity.
TikTok, for its part, has called the law “political theater,” and it is probably right: there is always some theatrics in politics, and bashing China is currently one of the most popular shows in town. Almost no other issue ca
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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