Biden signed a bill that could ban TikTok. What happens next?

Today a Chinese company. Tomorrow a French company, or a German company or a British company, or an Indian company.

In the future, ANY foreign company could be at risk of being shut down, sold off or banned.

That's a powerful disincentive to any company. What happens next? Foreign companies don't waste their money by investing in the US.

For some reason the US seems hell-bent on destroying its future.