{"id":574229,"date":"2020-09-02T04:00:30","date_gmt":"2020-09-02T04:00:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/"},"modified":"2020-09-02T04:00:30","modified_gmt":"2020-09-02T04:00:30","slug":"the-ft-explains-trumps-crackdown-on-wechat-and-tiktok","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/","title":{"rendered":"The FT explains Trump\u2019s crackdown on WeChat and Tiktok"},"content":{"rendered":"

<\/a> Explainer- Why Chinese social media apps have become the ICBMs in the <\/strong>US-China trade war: <\/strong>Chinese social media apps WeChat and TikTok have found themselves in the frontline of the every evolving global trade war between Washington and Beijing, after US President Donald Trump threatened to \u2018close down\u2019 TikTok<\/a> on 15 September unless an American company buys it. FT's Washington bureau chief Demetri Sevastopulo and global China editor James Kynge discuss the implications of the move (watch, runtime: 10:44<\/a>).<\/p>\n

Why is this happening?<\/strong> Grand standing in an election year aside, the Trump administration has made technological superiority to China and limiting what it alleges as espionage by Chinese tech firm has been a crucial dynamic of the trade war since the Huawei ban. With the upcoming sale of TikTok and the IPO of Jack Ma\u2019s Ant looking set to break records<\/a> in a tech landscape starved of new blockbuster listings, the Trump administration feels the need to act.<\/p>\n

The implication:<\/strong> As with the Cuban Missile Crisis, the fear is retaliation. US companies such as Apple see China as an important growth market, and any attempts by Beijing to retaliate could jeopardize that growth. We\u2019re already seeing signs of that as China updated it\u2019s export controls over the weekend<\/a> to ensure that TikTok owner ByteDance must be granted government approval before an agreement is signed<\/p>\n","protected":false},"excerpt":{"rendered":"

Explainer- Why Chinese social media apps have become the ICBMs in the US-China trade war: Chinese social media apps WeChat and TikTok have found themselves in the frontline of the every evolving global trade war between Washington and Beijing, after US President Donald Trump threatened to \u2018close down\u2019 TikTok on 15 September unless an American […]<\/p>\n","protected":false},"author":1,"featured_media":574230,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[184,102,116,107,901,984,928,72,2230,527,127,894,1464,117,628,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-apple","tag-capital-markets","tag-china","tag-covid-19","tag-data","tag-donald-trump","tag-employment","tag-enterpriseam","tag-huawei","tag-pandemic","tag-politics","tag-social-media","tag-tiktok","tag-us","tag-wechat","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"c84a849c-cd95-4fc1-be9c-9e93872d4943","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/9\/28.jpg","photo_position":"above","related_issue":[574206],"teaser":"","voice_url":""},"yoast_head":"\nThe FT explains Trump\u2019s crackdown on WeChat and Tiktok - 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The last five years has seen a record global M&A boom, with over USD 20 tn-worth of agreements signed as a result of over 250k transactions, this Financial Times video shows (watch, runtime: 02:12). But how long can it last and what might bring\u2026","rel":"","context":"In "Worth watching"","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/1586.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552241,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/22\/tiktok-has-in-app-browser-code-capable-of-tracking-your-keystrokes-coal-is-making-a-comeback-in-china-thanks-to-droughts\/","url_meta":{"origin":574229,"position":4},"title":"TikTok has in-app browser code capable of tracking your keystrokes + Coal is making a comeback in China, thanks to droughts","author":"enterpriseam admin","date":"22 August 2022","format":false,"excerpt":"Your in-app browser clicks, screenshots, and form inputs are being tracked by some of your favorite social media apps \u2014 and TikTok is arguably the biggest offender, according to tech researcher Felix Krause. When you open a link on apps like Facebook, Instagram, or TikTok, it defaults to an in-app\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/572.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598800,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/frontline-on-the-us-china-trade-war\/","url_meta":{"origin":574229,"position":5},"title":"Frontline on the US-China trade war","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"DOCUMENTARY OF THE WEEK \u2014 Frontline strikes again with the definitive documentary on the US-China trade war: Having trouble keeping up with the US-China trade war? Or perhaps you are unsure of its origins or the political maneuvers behind it. 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