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US to ban transactions with ByteDance and WeChat in 45 days

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

#141
According to Sam Dean (LA Times): "Video game companies owned by Tencent will NOT be affected by this executive order! White House official confirmed to the LA Times that the EO only blocks transactions related to WeChat." [0]

So that clears up at least a little of the ambiguity.

[0]: https://twitter.com/SamAugustDean/status/1291576813685108736

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

#142

Earlier quoted context omitted.

The government frequently bans foreign products that have national security implications.

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

Better argument for it than for Canadian aluminum.

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

#144
post #107
post #47

Earlier quoted context omitted.

Dumbstruck to find that there is a leader with a spine in this country? That's quite something.

If by xenophobia you mean spine, sure you have one. What do you think will happen next? What’s the message that we, the rest if the world, can take from this?

You are not even American. Please do not act like you understand the political process and it's everyday implications.

This is why you have no other retort other than "XENOPHOBIA!". Grow up.

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

#145
Does anyone know what the definition of a transaction is? The executive action is not clear at all and provides no definition of transaction. Big surprise.

Furthermore, what is the government going to do if I refuse to stop using WeChat? Is the U.S. going to embark on blocking the app at the network level? If not, how will they enforce this? What if a person as defined in the order travels to China? Are they banned from using the app there, where it's one of two apps basically required to get around efficiently?

This is just pure authoritarianism on the part of Trump. I am sick of him hijacking this country. And all of this is in a bid to get re-elected. He has been holding this country hostage, trying everything he can to ensure his re-election.

For me personally, I use WeChat on a daily basis as it is the primary method of communication between myself and my fiancee, a Chinese citizen, who is still banned from re-entering the U.S. despite living and working here. So now it's the U.S. government's policy to implement it's own authoritarian controls on what citizens can and can't use.

Honest to god. This country is a lost cause. It's filled with people who think their freedom allows them to demand access to military weapons and that their liberties are at risk due to requiring masks, but these same people will applaud this.

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

#146

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…

Anytime you do business with China your essentially doing business with the CCP.

We would all like China to be a positive part of the global community but the fact of the matter is you can't ignore their overall policy. A possible genocide against the ethnic Uighurs, aggressive expansion in the South China Sea, normalization of censorship and suppression, treatment of Hong Kong & Taiwan: all of which are a complete contrast of Western values.

Could China force Tesla to sell Chinese operations? Absolutely. I don't think any one would be surprised. Companies that enter the Chinese market (if they can in the first place) are subjected to getting a smaller piece of the pie from the start.

Facebook has relentlessly tried to tap the Chinese market but are blocked by the CCP. So why does TikTok get a free pass to the American market? Why does __any__ Chinese company get a pass?

I think we need to continuously evaluate our relationship with China.

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

#147
This is a fantastic start.

More people need to become aware of what China is currently doing with their so-called "reeducation camps".

I would like to see other countries doing the same, and not just with fancy (but mostly useless) things like TikTok, but cut off Chinese involvement in anything critical where countries depend on them.

It has become clear they have total disregard for human rights.

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

#148

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…

Despite all this, US tech firms still have a harder time operating in China.

> A meta point I'd like to add is that currently 10 % of the earths population in the "Westosphere" controls 60 % of the worlds wealth.

True wealth is really hard to measure. Stocks and dollars and euros are not wealth. They are mediums of exchange no different then dogecoin.

When I am hungry, I can’t eat them directly, I can only trade them for food. And the amount of food I will get varies based on supply and demand.

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

#149
post #77
post #25

Is there any precedent for a president to do such a thing? I am completely astonished and dumbstruck that everyone is ok with this.

Because many US companies have been at the receiving end of unfair trade practices, copyright theft and blatant IP violations from the mainland. It's good that we are finally doing something about that.

I dunno, it worries me to see popular narratives sinking back into nationalistic perspectives. This entrenches us in the “they did A, so we will respond with B” logic, and from there, it only takes a few “reasonable” exchanges between nations “just looking out for themselves” for us all to end up in a situation nobody wanted.
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