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US to ban transactions with ByteDance and WeChat in 45 days

asia.nikkei.com

591–600 of 1001 posts

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

#591
post #571

Earlier quoted context omitted.

TikTok is not a national security threat. That’s ridiculous.

How come? Clearly the app is used by the youth. Having gullible youth using the app of a country that's knows for its in-app propaganda is very clearly a national security risk.

In-app propaganda? What the hell are you talking about? Have you even used the app?

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

#592
post #538

Earlier quoted context omitted.

Isn't this just reciprocity? China banned a long list of media companies: FB, Google, YouTube, Twitter, Netflix, and every traditional media. Now the US is banning two apps made in China.

It's only reciprocity if you divide the world into two tribes, the "China tribe" and the "US tribe". Someone from the "China tribe" did something bad to the "US tribe", so now we're going to grab a random member of the "China tribe" and punish them for it, even if they're not the one responsible. I used to think the Western world had abandoned that kind of collective punishment, but apparently not. It ceases to be re…

I've heard that foreign investment and foreign companies face difficult regulatory red tape. Can someone with a better understanding on it weigh in on whether that is applicable to this?

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

#593
post #538

Earlier quoted context omitted.

Isn't this just reciprocity? China banned a long list of media companies: FB, Google, YouTube, Twitter, Netflix, and every traditional media. Now the US is banning two apps made in China.

It's only reciprocity if you divide the world into two tribes, the "China tribe" and the "US tribe". Someone from the "China tribe" did something bad to the "US tribe", so now we're going to grab a random member of the "China tribe" and punish them for it, even if they're not the one responsible. I used to think the Western world had abandoned that kind of collective punishment, but apparently not. It ceases to be re…

> It ceases to be reciprocal if you distinguish groups at an only slightly higher resolution: Chinese businesses like TikTok and WeChat and American businesses like Google and Facebook in addition to the Chinese and American governments.

This is pretty much exactly how reciprocity works in other areas like travel and immigration. We treat their nationals as they treat ours. You can see examples worldwide right now with travel restrictions.

And these Chinese companies benefit from the lack of US-based competition at home. Would WeChat ever have gotten that big without China's restrictions on US companies? It's not arbitrary to counter that benefit with a loss of access to the US.

Congress specifically gives the president the power to counter unfair trade practices by foreign governments. The president executes the laws, he doesn't dictate them.

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

#594
post #106

Earlier quoted context omitted.

Thats how world wars break out.

I might get downvoted for this but I think it's a very real possibility. Withdraw the embassy from Beijing, recognize Taiwan and force a embargo of all Taiwanese/Korean and Japanese semiconductor supplies and components to Mainland China. Then sit back and let China then make the first move. Might not work, but at this point I wouldn't put it past somebody in the White House having already gamed it. There has never b…

Are you seriously wishing for war with a nuclear power with ICBMs and the largest manufacturing capacity in the world?

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

#595

Earlier quoted context omitted.

This plays right into China's narrative. Now the arrest of Meng Wanzhou (Huawei CTO) starts to look a bit less principled and a bit more like a piece of realpolitik. I think it's definitely justified in the sense that it's understandable to strike back, but it's hard to take a moral high ground now.

But only China believes China's narrative... Just ask any of China's neighbors. Philippines is reversing course of late even though they were trying to get closer to China, for example.

I'm in Singapore and most of my colleagues here view the US as the bad guy in all this.

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

#596

Earlier quoted context omitted.

Isn't this just reciprocity? China banned a long list of media companies: FB, Google, YouTube, Twitter, Netflix, and every traditional media. Now the US is banning two apps made in China.

Nothing is banned, you follow domestic censorship laws you get to play. Every domestic companies has to, it's onerous, and level playing fields. FB, Google still sell billions in ads to China, they were engineering compliant services to return. Legal reciprocity is China following US laws, which it does. Functional reciprocity is forcing Chinese companies to enter JV and tech transfer - while providing Chinese compan…

Oh come on, you want to talk about rules. When did CCP follow the rules that it agreed to follow when entering WTO?

Laws in authoritarian China are the tool for oppression. It is not well written and can be interpreted as how CCP like.

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

#597
post #357
post #348

Earlier quoted context omitted.

The fact that we are allies with Germany and that the US probably buys a lot more from Germany than Germany buys from the US. With China, well, they are already blocking lots of American software companies so this would be more of a proportional response than anything else.

proportional? China gave a clear path forward to those companies if they want to operate in China (setting up severs in China, complying local laws, etc..) They chose not to do so and left. Did US gave any clear path how these tech companies can continue operate in the US other than selling themselves and giving the goverment a commission?

Saying that the US companies chose not to obey China laws, etc is simplifying the situation dramatically in favour of China. In this case, don't the Chinese laws include a requirement for a Chinese "partner" company and obligations towards IP transfer? These requirements don't sound like a fair arrangement to me and, as far as I know, there are no comparable requirements in the US on foreign companies.

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

#598
post #96

Some people here are wondering about the implications of this. What this means IMO is that all Chinese investments in SV need to be liquidated at fire sale prices in the next 45 days. Regardless of how people here feel about China this is a huge escalation. The US is inflicting huge losses on Chinese companies for no clear violation of US laws on their part. The pandoras box is now open. Do countries get to do this t…

I think we are already passed the point of any of this mattering. Increasingly the rhetoric seems to me to just be: what matters isn't who is in the right or what is just or fair. Increasingly the only thing that matters is which side you are on. Are you with us or are you against us? It's just dogma at this point. In this kind of environment people that are rational either stick to their tribe or learn to keep their…

> Increasingly the only thing that matters is which side you are on

You mean, what matters to the political and economic elites in the US, perhaps. In the rest of the world, most of us (IMNSHO) don't share this outlook, nor would we like to be on any one of the two sides.

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

#599
post #550
post #538

Earlier quoted context omitted.

It's only reciprocity if you divide the world into two tribes, the "China tribe" and the "US tribe". Someone from the "China tribe" did something bad to the "US tribe", so now we're going to grab a random member of the "China tribe" and punish them for it, even if they're not the one responsible. I used to think the Western world had abandoned that kind of collective punishment, but apparently not. It ceases to be re…

> But having the president order arbitrary punishment without proof of guilt (what happened to presumption of innocence?) looks like a dictatorship to me. It is. There's a faction in the US that believes the US has to have a dictatorship to compete with China. We've been here before. The USSR looked like an unstoppable juggernaut until the late 1960s / early 1970s. Like China they started from a state of relative bac…

> Totalitarian systems excel at execution, but they are not creative.

Having survived the Soviet Union, I say with full certainty that you could not be more wrong about the execution part.

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

#600
post #538

Earlier quoted context omitted.

It's only reciprocity if you divide the world into two tribes, the "China tribe" and the "US tribe". Someone from the "China tribe" did something bad to the "US tribe", so now we're going to grab a random member of the "China tribe" and punish them for it, even if they're not the one responsible. I used to think the Western world had abandoned that kind of collective punishment, but apparently not. It ceases to be re…

> It ceases to be reciprocal if you distinguish groups at an only slightly higher resolution: Chinese businesses like TikTok and WeChat and American businesses like Google and Facebook in addition to the Chinese and American governments. This is pretty much exactly how reciprocity works in other areas like travel and immigration. We treat their nationals as they treat ours. You can see examples worldwide right now wi…

>Congress specifically gives the president the power to counter unfair trade practices by foreign governments. The president executes the laws, he doesn't dictate them.

The Congress has increasingly delegated rulemaking to the Executive through various forms of Authorization Act that empower the Executive to arbitrarily dictate Administrative Law.

I wouldn't exactly rank Congress highly in being the rulemaker here. There's been no great change, upset, or active reaffirmation of the process in years.

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