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US to ban transactions with ByteDance and WeChat in 45 days

asia.nikkei.com

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Re: US to ban transactions with ByteDance and WeChat in 45 days

#121

Post by alexmingoia »

paxys wrote: post #91

None of these Chinese companies would have grown to what they are today without intense government-enforced protectionism at home, and until China agrees to compete on a fair playing field I'm perfectly fine with them all being banned outside of their firewall. Would China ever agree to let Instagram, Facebook, YouTube, Snapchat, WhatsApp, Messenger etc. or any new startup operate freely and make money there? It shou…

Two wrongs don’t make a right. US companies don’t have to trade with China.

But the US banning trade with China is nothing but an attack on Americans and my freedom to trade and communicate.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#123

Post by systematical »

thewarrior wrote: post #104
peteretep wrote: post #85

Earlier quoted context omitted.

> Do countries get to do this to each other whenever they feel like it now No, but wake me up when the US does this to another free and open country, rather than one that has a history of aggressively doing this to Western countries.

China never forced US companies to sell their investments in China at firesale prices. This is not a proportionate response.

Don't they prevent some of our companies from operating there though? And then developed their own competing solutions free from competition. That's not exactly a free market, is it?

Re: US to ban transactions with ByteDance and WeChat in 45 days

#124

Post by peacefulhat »

keiferski wrote: post #115
thewarrior wrote: post #97

Earlier quoted context omitted.

Thats how world wars break out.

A Cold War scenario is far more likely. Remember that the tension with the Soviets was far, far, higher, and that never turned into a full-on war.

USSR was isolated from the American economy. USA is doing everything in its power to destroy top tier Chinese companies and exploit local political situations.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#125

Post by systematical »

badRNG wrote: post #86
karterk wrote: post #81

Earlier quoted context omitted.

US is merely reciprocating the policies of CCP: let them allow US companies to compete fairly in China as well.

> US is merely reciprocating the policies of CCP Does this mean the policies of the CCP are superior to US policy to date?

If by policy you mean trade policy, yes. By any another metric, probably not. Certainly not policies on freedom for instance, if you value that sort of thing. It's time the United States levels the trade game with China.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#126

Post by paxys »

alexmingoia wrote: post #121
paxys wrote: post #91

None of these Chinese companies would have grown to what they are today without intense government-enforced protectionism at home, and until China agrees to compete on a fair playing field I'm perfectly fine with them all being banned outside of their firewall. Would China ever agree to let Instagram, Facebook, YouTube, Snapchat, WhatsApp, Messenger etc. or any new startup operate freely and make money there? It shou…

Two wrongs don’t make a right. US companies don’t have to trade with China. But the US banning trade with China is nothing but an attack on Americans and my freedom to trade and communicate.

Try launching your app in China and see how much freedom you have. Regulating international trade (via agreements) is one of the foremost responsibilities of the federal government, and if this move forces them to open up their economy to fair competition it's a net benefit for everyone.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#127

Post by hnick »

gzu wrote: post #3

So does this ban transactions with all of Tencent or just those in relation to WeChat? https://www.whitehouse.gov/presidential-actions/executive-or... Section 1. (a) The following actions shall be prohibited beginning 45 days after the date of this order, to the extent permitted under applicable law: any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction…

They have since clarified, only WeChat apparently

https://twitter.com/SamAugustDean/status/1291576813685108736

Re: US to ban transactions with ByteDance and WeChat in 45 days

#128

Post by alexmingoia »

perryizgr8 wrote: post #118
baby wrote: post #60

Earlier quoted context omitted.

Doesn’t this mean that the US is getting closer and closer to a dictatorship?

No it means US has a leader who is finally thinking rationally about China, instead of falling into the greed trap that most other politicians have been stuck in. In my opinion, if China wants to be a part of the global economy, China must let the globe be part of its own economy. Facebook, Google, Twitter have been systematically forced out of China. Why should we let Chinese social media sites in our countries? The…

No, we don’t. Trade restrictions on China are restrictions on the freedom of Americans.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#129

Post by ekianjo »

neves wrote: post #27
gzu wrote: post #3

So does this ban transactions with all of Tencent or just those in relation to WeChat? https://www.whitehouse.gov/presidential-actions/executive-or... Section 1. (a) The following actions shall be prohibited beginning 45 days after the date of this order, to the extent permitted under applicable law: any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction…

You won't be able to play overwatch anymore.

Overwatch is Blizzard, not Epic.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#130

Post by xvector »

paxys wrote: post #91

None of these Chinese companies would have grown to what they are today without intense government-enforced protectionism at home, and until China agrees to compete on a fair playing field I'm perfectly fine with them all being banned outside of their firewall. Would China ever agree to let Instagram, Facebook, YouTube, Snapchat, WhatsApp, Messenger etc. or any new startup operate freely and make money there? It shou…

Those companies are free to operate in China if the comply with Chinese law.

The US hasn’t issued any legal barriers for TikTok to jump over, they just straight out banned it.

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