After the election victory the new US administration, captained by Joe Biden and Kamala Harris, has started to take multiple measures. One of these measures affects one of the most popular apps in recent years, TikTok.
The Trump administration in its last days indicated that since it was a national security risk, it was forced to sell it to a U.S. company. This move was not finalized and TikTok itself indicated that it was not clear what it was expected to do.
The incoming administration has announced that it will not force platform owners to sell out to companies such as Walmart, Oracle, or Microsoft, as was rumored during the second half of 2020.
Emily Horne to WSJ, a spokeswoman for the National Security Council, has advanced to the Wall Street Journal, that they plan to “develop a comprehensive approach to securing U.S. data. In the coming months, we expect to review specific cases to gain a comprehensive understanding of the risks.”
In essence, the Biden administration is not going to undo everything the previous administration has done, but they do want to take action based on current reports. In the coming months, we will see what new actions the current administration will take.
At the moment we do not know how this will affect companies like Huawei, which have already asked to collaborate again with U.S. firms, which benefit greatly from the relationship with Chinese brands, according to their CEO.