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TikTok Ultimatum Puts US Firms in Firing Line for China Response [Yahoo! Finance]
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Most Read from Bloomberg Biden's Gains Against Trump Vanish on Deep Economic Pessimism, Poll Shows Taylor Swift Is Proof That How We Critique Music Is Broken Tech Giants Hit in Late Hours After Meta's Outlook: Markets Wrap Biden's New Chopper Is Demoted After Scorching White House Lawn Meta Projects Higher Spending in Deeper Push Into AI The legislation approved on Wednesday would give Chinese parent company ByteDance Ltd. nearly a year to divest the video-sharing platform before facing an outright ban. At a daily briefing hours before, China's Foreign Ministry directed reporters to a vow by commerce officials last month to take “measures to resolutely safeguard its legitimate rights and interests.” President Xi Jinping's government has so far shown restraint in responding to a drumbeat of US trade curbs during a hawkish election season. The Communist Party's moderation has been made easier by Biden's choice of largely symbolic actions, such as tariffs on metals China e
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