Yes the US government does collect information, but at least to some extent they can be held accountable by it's citizens. No one can hold the CCP accountable and they can use these companies as a proxy to enforce Chinese censorship in other countries. (See Zoom banning US accounts made by Chinese protestors)
So I think you see the ban as a technological security risk, which, relative to most other big tech, it's not. It's a national security risk to the US and India.
> held accountable
How exactly? For all we know the CIA is still doing it's thing. As for U.S. companies spying on people, I am sure fines have taught them not to. /s
Censorship is bad but it's TikTok, it's not like the censored parties would lose sleep over it. Same with Zoom, the plethora of alternatives make it a non-issue in my opinion.
Too many of these articles feel like they're part of creating manufactured consent. It's all too common in the history of the US, and sadly works every time.