China's ability to influence US mass psychology via TikTok is a greater threat than the privacy considerations.
Cambridge Analytica anyone? Did we all just forget? That wasn't even Chinese influence and still it had tremendous impact on the US (and how her citizens view each other).
These comparisons get weird ...
The CCP is trash, and the US government is far better (it has elections, for one thing) but I suggest we should be concerned about any attempt to manipulate the populace.
This works, because we're stupid.