That doesn't mean he is wrong and China hasn't infiltrated America at every level, but it's a lost battle now that America will be rolling out the red carpet for the CCP.
Why so?
One needs to define “America” for that comment to be meaningful. Or rather, one should recognize that there is not one “America”. We need to think in terms of classes: the 1%, the other 9%, and the rest. Or even more drastically: the 0.1% and the rest.
Financial services have always been protected industries, in every country, combined with the close association with BoC and political oversight it's a huge red flag.
Importantly, it's worth noting that Trump has no idea what these apps are or what they do, this is not 'his initiative' clearly, it's from the team.
The Dems and Republicans are mostly in sync on China.
These bans are of a different kind that TikTok.
Biden may use the opportunity to try to 'reset' and the rhetoric will be softer, but I suggest these bans will remain in place.
This isn't really Trump populism, this is 'the apparatus' engaging in actual policy.