> This is pretty much what China does, but for every service.
Since when did we aspire to become more like China?
> its not worse than a ban, its so not worse that ByteDance could simply not sell its US operations and stop being present in the US, making it just like a ban
The difference is, why should a US entity own this asset for it to have operations in the US? Why can't it be a EU entity or Australian entity or Canadian entity or Ugandan entity?
Does this mean that US government is going to erratically force foreign businesses to sell US assets when they want?
The equivalent of this would be EU asking Apple to sell all EU operations to Nokia or whatever to be able to operate in that market. Does this sound business friendly?