Here's How Trump Strong-Armed TikTok To Benefit Big Business

TikTok logo is displayed on the smartphone while standing on the U.S. flag in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic
August 7, 2020 Topic: Politics Region: Americas Blog Brand: The Reboot Tags: ChinaDonald TrumpTrade WarTik TokBig Business

Here's How Trump Strong-Armed TikTok To Benefit Big Business

On Monday, Americans witnessed a stunningly brazen act of what can only be called political gangsterism.

 

In short, Trump’s threat is an egregious affront to American values on multiple levels. If Microsoft is unable to reach a deal with TikTok, the president has pledged to unilaterally use the powers of his office to destroy a vast platform for speech and expression whose users recently embarrassed him, invoking a vague and speculative “national security threat” ostensibly posed by a company that has not, as yet, been accused of any actual wrongdoing. If a deal is reached, Trump has announced that the coercion of foreign companies—coercion supposedly required by national security interests—is in fact a service to American corporations, for which the beneficiaries should pay a fee. It’s the sort of thing one might expect to see in China—not the United States.

This article by Julian Sanchez first appeared in CATO on August 5, 2020.

 

Image: Reuters.