While the dramatic separation may insulate Sequoia from pending regulation, it’s a signal that ties to China are a growing liability in Silicon Valley.
The bill would give the president the ability to force the sale of foreign-owned technologies, apps, software or e-commerce platforms deemed a national security threat to U.S. users.
Sanctions have inflicted damage, but they haven’t induced Putin to stop the war — raising wider questions about a tool that’s become increasingly central to U.S. foreign policy.
Pressure is mounting on U.S. President Joe Biden to hit back at Beijing over the incident with new export controls on sensitive technology.
The attention on TikTok underscores concerns in Congress that TikTok and its parent comapny, ByteDance, could share information on U.S. users with Chinese authorities.
Even as the U.S. aims to hold back China’s advance and Beijing seeks to counter Washington’s global influence, the two economies remain deeply entwined.
A congressional panel is seeking a way to let TikTok keep operating in the U.S. while also preventing the possibility that the Chinese government could access user data.
A raft of sanctions so far haven’t materially affected the war on the ground in Ukraine or dented the Russian leader's determination to pursue it despite repeated setbacks.
A separate action against the TikTok video-sharing app is a possibility but no action is imminent, while the U.S. may place further restrictions on chips used for AI computing.
Some officials from U.S. President Joe Biden's administration are expressing concern that penalties are exacerbating inflation, worsening food insecurity and punishing ordinary Russians.
