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Photo: Alex Wong/Getty Images

White House trade adviser Peter Navarro said Monday that the Chinese-owned social media app TikTok poses a threat to privacy and national security, telling the Axios Re:Cap podcast, "Let's not downplay the threat here: the mothers of America have to worry about whether the Chinese Communist Party knows where their children are."

Why it matters: Navarro, a fervent China hawk, is among the voices shaping White House policy on TikTok, which President Trump said Monday must be sold by Sept. 15 in order to avoid a U.S. ban. Navarro suggested that if Microsoft is allowed to buy TikTok, the company should be forced to make unrelated concessions related to its China operations.

What he's saying: "There are really two issues, privacy and national security. And it's simple question for the mothers of America. It's 12 o'clock. Do you know if the Chinese Communist Party knows where your children are?" Navarro said.

  • "Let's not be foolish about this. We're getting attacked every day by the Chinese Communist Party. They rip us off for half a trillion dollars a year of intellectual property. And the idea that somehow, these innocent fun little applications are innocent and fun only, is laughable."

Go deeper:

Go deeper

Nov 10, 2020 - World

What China thinks of Biden

Vice President Joe Biden welcomes Chinese President Xi Jinping in Washington, D.C., Sept. 24, 2015. Photo: Xinhua/Huang Jingwen via Getty Images.

China's leaders see President-elect Joe Biden as a more predictable, but not necessarily less formidable, U.S. leader.

Why it matters: Relations aren't likely to be chummy, but Beijing is hoping diplomacy between the two superpowers can be restored.

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

Driving the news: The Biden administration has faced rising inflation rates over recent months, which it has labeled as "transitory."

Hope King, author of Closer
1 hour ago - Economy & Business

Investors reset their compass

Data: FactSet; Chart: Axios Visuals

The endpoints of a stimulus-fueled market are being defined.

Why it matters: Conditions that drove excess pricing in riskier assets are steadily being removed, and big swings in the market like those seen today are inevitable as investors try to adjust to the new landscape.