It doesn't apply to China specifically. The end result is for the rest of the world to understand that operating in the US is as risky as operating in China...
BTW if I was tik tok I would sell myself to a European entity.
FIRRMA was drafted specifically to deal with China.
> operating in the US is as risky as operating in China
False equivalence. American laws need to be debated and passed. Party decisions don't. American actions are constrained by the Constitution. Party actions are not. Et cetera.
> if I was tik tok I would sell myself to a European entity
Tik Tok are almost certainly in flagrant violation of GDPR.