Experts say Trump's war on TikTok could have a lasting impact on trade

[Yo_Mama_Been_Loggin]

and might force tech companies to choose between doing business in the US or China

The Trump administration and Chinese government continue to escalate a trade battle over the sale of TikTok's US operations — and experts say the struggle could define a new normal for US tech companies doing business in China.

Specifically, companies could be forced to choose whether to do business in China or the US as regulations along geopolitical lines make it increasingly costly to access both markets, experts told Business Insider.

Trump previously ordered TikTok's parent company, ByteDance, to sell the app's American operations by mid-September or face a ban in the US. Trump said TikTok's Chinese ownership posed a national security threat and added that the US government should be given a cut of the sale.

By August, Bytedance was reportedly weighing buyout offers from Microsoft, Walmart, and Oracle, among other companies, and a sale seemed imminent. But China may have thrown a wrench in those plans last week, when it announced new regulations giving it veto power over exports of tech products, including proprietary algorithms like the one that powers TikTok.

https://www.msn.com/en-us/news/world/experts-say-trumps-war-on-tiktok-could-have-a-lasting-impact-on-trade-and-might-force-tech-companies-to-choose-between-doing-business-in-the-us-or-china/ar-BB18OWhP

I think we'll be cleaning up a lot of Trump's messes for a while.

[crickets]

1. Interesting.

"China is playing a classic tit for tat — no one quite anticipated this," Meyer told Business Insider.

Really? Wow.