White House spokeswoman Jen Psaki responded on Sunday that the rumor that President Joe Biden is suspending the sale of Chinese company TikTok’s U.S. business because of a comprehensive assessment of data risks associated with Chinese apps is false.
According to the Wall Street Journal, a source familiar with the matter confessed that the sale of TikTok to Walmart and Oracle has been suspended because the Biden Administration is extensively evaluating the risks posed by the review of Chinese-owned enterprises, but the discussions between Word Jump and the Committee on Foreign Investment Review of the United States (CFIUS) will continue with topics such as data security and ways to prevent user information from being obtained by the Chinese government. TikTok may not need to be completely sold, but rather handed over to a trusted third party to manage TikTok data.
In response to the sale of TikTok’s U.S. business being put on hold, Sharkey stressed at a regular White House press conference that “it is incorrect to say that the Biden administration is taking positive action,” as the TikTok process involves court proceedings and a review process by the Committee on Foreign Investment Review of the United States (CFIUS), the latter of which is very strict and is still ongoing.
However, Sachs also revealed that the Biden administration is fully evaluating the national security risks posed to the U.S. by Chinese-owned applications, including TikTok, and there is still no firm deadline for when the investigation will be completed.
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