TikTok Wont Be the Last Chinese Firm Targeted

The road to a U.S. ban on TikTok, the popular app owned by Chinese company ByteDance, is long and twisted, even as support builds for bipartisan legislation that would give the White House authority to ban not just TikTok but other Chinese information and communications technology companies. Expect more volatility for Chinese and U.S. companies along the way. But the direction of travel is clear: The U.S. and China are in a slow-motion decoupling in critical areas like technology. TikTok, the short-video app used by 150 million Americans, is the highest-profile company targeted by the U.S., as policy makers increasingly…