Trump not ready to OK TikTok deal, admits US won't get cut
Basically, in August, the trump administration ordered via executive order whose legality remains highly questionable that the Chinese owner of Tiktok, a company called Bite Dance. Divest itself of Owning Tiktok within ninety days or face the prospect that tiktok would be shut down in the United States. I broke the deal I said you can't do business in the United States, which is at least potentially within the power of the US federal government based on national security concerns based on national security and the logistics are complicated that you probably could order apple and other people and servers that are hosting tiktok. that. They couldn't do it and it would defacto make it impossible for Tiktok to function. So that is what began a process where the owner of Tiktok, again, a Chinese company sought an alternative way to their cell, the US portion of Tiktok or what ended up happening major deals Rocking Wall Street this morning pushing futures higher. We find an American technology partner Oracle beat Microsoft and become the technology partner for TIC TACS US operations although will not. receive its coveted algorithm so that all took talks data would be kept in the United States on servers owned by an American company and not by Chinese company because the whole point of this was that all these people using Tiktok, these tens of millions, hundreds of millions that data was potentially vulnerable to being used and therefore misused by the Chinese government. How so So the fear was because technology companies in China by Chinese law are required if. By the Chinese government to turn over data relevant data that the Chinese government could tell the parent company of Tiktok, hand us all of your user data which user data of again tens of millions of Americans. and. Then China would have that data. So that was the concern right and and that's a legitimate fact the Chinese government could order that. The problem is, of course, one via our court system, an American court can order or prosecutor can subpoena data. From our companies. So it's not like what you and I do on Google or what we do on any technology provider is somehow. Unavailable. To government if government decides that it's in its interest to get it not to mention the the various many non-government actors, the vacuum, the stuff up and use it for their own purposes that is even more important I think probably more relevant to the China issue which is. Does it matter whether the data is in this case, potentially house by Oracle massive US hardware and software company versus being housed by servers in China. In terms of the ability of the Chinese government to obtain that data, it wanted to obtain it because not just third parties that hoover up data and use it in the whole buying selling and the data market, but just spying tools. Whether it's the NSA in the National Security Agency in the United States or various Israeli cybersecurity and or cyber spying companies or the Chinese government. Most of this data isn't that secure. Not. Like. Triple encrypted quantum encrypted defense department level communications. So likely true that if the Chinese government really wanted my teens Tiktok data, it doesn't really matter whether that data's House on servers in China owned by Chinese company or whether it was housed on American servers on buying American company. So I guess, then how do we get to this point? How did you know given what you just said why has this become such a big issue? How did it start? Yeah it's a good question I I'm not sure. There's a precise answer. It's part of a whole continuum of the trump administration in particular identifying China as a proximate threat to the United States and a whole series of ways competitively in terms of trade practices hence the hundreds of billions of dollars of Chinese imported goods that have been subject to American tariffs. It's part of a multi year campaign against this massive Chinese telecom equipment company called Wa wa, which has been a leader in next generation five G. Telecom equipment in a way that again, some of the same concerns have existed which is. That the Chinese government would would use the production of that equipment as a way to spy on who met from purchase adequate. And Look a few years ago. There was a a forced sale of gay dating APP Grindr, which was also owned by a Chinese company, and so there was an earlier precedent of forcing a Chinese company to sell an American APP Social App. Because, of data concerns and finally, there's the fact that for years long predating the trump administration. China has not allowed American social media companies like facebook. To function in China. So there's the tit for tat. You know you don't let our social media functioning companies function there. Why should we let yours function here? There's Several year campaign against China which the trump administration's pursued but I think has a good deal of democratic support I. Mean if it's close to a bipartisan sentiment that China, China's a threat as anything we have right now. Why Tiktok? Suddenly became a thing I may partly have to do with the fact that it suddenly became a very big deal in the United States. I mean, this was not a company that had any footprint several years ago and suddenly as. The APP does your so it may have had to do with something that got really big and is very noticeable. Salsa not that economically important. So a lot of people would be royally pissed off Tiktok were banned. It's not like tiktok is. An integral component. To the US economy either during covid or without covid. So it's an easier target.