Recent news reports indicate that Washington is shelving a proposed deal to let Oracle and Walmart purchase the U.S. operations of Chinese social media giant TikTok, while President Joe Biden decides how to deal with China more broadly on technology competition and cybersecurity.
This is a positive development, indicating that the new administration understands this decision is about more than dance videos or even misguided economic protectionism.
Klon Kitchen is a managing director at Beacon Global Strategies and a nonresident senior fellow at the American Enterprise Institute.
