Technology

Trump Suffers Another Loss in the TikTok Showdown With China

The deal he’s blessed doesn’t meet his demands and gives Beijing plenty to be happy about.

Illustration: Max Guther for Bloomberg Businessweek
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In the monthslong standoff between the U.S. and Beijing over TikTok, China has emerged as the clear winner.

If the proposal President Trump blessed holds, he’ll get almost none of what he demanded last month when he threatened to ban the popular Chinese-owned video app over national security concerns if it wasn’t sold to an American owner. In short: There likely won’t be a sale. No U.S. government cut of the transaction. And, according to security and privacy advocates, no satisfying resolution to address the risk that TikTok could funnel American data to the Chinese government or use the social media platform to project propaganda worldwide.