Showing posts with label Chinese companies. Show all posts
Showing posts with label Chinese companies. Show all posts

Friday, 17 July 2020

TikTok enlists army of lobbyists as suspicions over China ties grow

US Secretary of State Mike Pompeo has threatened to ban the app over surveillance concerns
TikTok
International News: TikTok, the wildly popular social media app known for its viral dance and lip sync clips, has been embraced by millions of students, celebrities and young adults across the United States. But the company’s ties to China could cripple its existence.
TikTok, which is owned by the China-based ByteDance, has become the latest target in the Trump administration’s long simmering security and economic battle with Beijing. It is now desperately trying to convince lawmakers and administration officials that its allegiance lies with the United States, not China. The social media company, which one year ago had virtually no lobbying presence in the nation’s capital, has hired a small army of more than 35 lobbyists to work on its behalf, including one with deep ties to President Trump.
Behind that buildup is a growing threat to one of TikTok’s most important markets. Secretary of State Mike Pompeo has threatened to ban Chinese apps like TikTok, which are downloaded to mobile phones, over concerns they could be used for surveillance by the Chinese government. Peter Navarro, the White House trade adviser, called TikTok’s new chief executive an “American puppet” during a Fox Business interview on Sunday and said the administration would take “strong action” against the company and other Chinese social media apps.


A powerful US panel has opened a national security review into Bytedance’s 2018 purchase of Musical.ly, an app that was merged to form TikTok. The Committee on Foreign Investment in the US is examining whether the merged companies could give the Chinese government access to vast amounts of American data, including videos useful for training facial recognition software. And the Trump administration is weighing action against Chinese social media services like TikTok under the International Emergency Economic Powers Act, which allows the president to regulate international commerce in response to unusual and extraordinary threats, people familiar with the deliberations say.

Thursday, 15 August 2019

‘Longer it goes on, the stronger we get’: Trump takes on China on trade war

Trump claimed that millions of jobs have been lost and thousands of companies are shutting down in China.
Washington: President Donald Trump speaks to members of the media at the White House in Washington, Wednesday, July 24, 2019, as he departs for a short trip to Andrews Air Force Base, Md., and onto Wheeling, W.Va., for a fundraiser. AP/PTI(
US President Donald Trump has said that China is doing very poorly as a result of the trade war and the “longer it goes on, the stronger we get”. Asserting that the United States is “having a very good discussion” on a trade deal with China, Trump told reporters at the Morristown airport in New Jersey that he will speak with Chinese President Xi Jinping “very soon”.On the protests in Hong Kong which have been going on since early June, the US president said that Xi can “humanely” solve the problem so that “everybody is happy”.
“I think the longer the trade war goes on, the weaker China gets and the stronger we get. We’re taking in massive amounts of money. Billions and billions of dollars. And I think the longer it goes, the stronger we get. I have a feeling it’s going to go fairly short,” he said on Thursday.
As a result of the US China trade war, China is doing very poorly, Trump said. “The tariffs have really bitten into China. They haven’t bitten into us at all except for the reporters that want to make it look that way, but they don’t understand what’s happening,” he said.
“We’ve taken close to USD 60 billion in tariff money. The consumer has not paid for them. Now, at some point, they may have to pay something. But they understand that,” Trump asserted.He claimed that millions of jobs have been lost and thousands of companies are shutting down in China.

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...