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Photo: Jakub Porzycki/NurPhoto via Getty Images

TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."

  • It added that "it sets a dangerous precedent for the concept of free expression and open markets."

The state of play: TikTok said it had tried to deal with the administration in good faith but found it "paid no attention to facts, dictated terms of an agreement without going through standard legal processes, and tried to insert itself into negotiations between private businesses."

  • Trump's order claims the app's "data collection threatens to allow the Chinese Communist Party access to Americans' personal and proprietary information."
  • TikTok has long said that it stores all data belonging to U.S. customers in facilities outside of China that are not subject to Chinese law.

The big picture, via Axios' Scott Rosenberg: TikTok's response hints that it recognizes that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

  • In this fight, U.S. nationalism may make a weaker case to the world than the ideal of internet freedom and open networks that the U.S. once evangelized.

What's next: TikTok said it would "pursue all remedies available to us in order to ensure that the rule of law is not discarded and that our company and our users are treated fairly," hinting that it would begin a court battle if the Trump administration doesn't back down.

Go deeper

Trump bans Americans from investing in 31 companies with links to Chinese military

Photo: Kevin Frayer via Getty

President Trump signed an executive order Thursday prohibiting American companies and individuals from owning shares in any of the 31 Chinese companies previously listed as enabling the People’s Liberation Army, effective Jan. 11.

Why it matters: Many of these companies trade on U.S. exchanges and are sometimes purchased by American investors as part of mutual funds. It’s unclear what effect Trump’s latest sanctions could have on the markets.

Updated 3 hours ago - Politics & Policy

U.S. sounds alarm on Ukraine

Conscripts line up at a Russian railway station yesterday before departing for Army service. Photo: Sergei Malgavko/TASS via Getty Images

The Biden administration is "deeply concerned" by new intelligence — detailed for Axios and other outlets — showing Russia stepping up preparations to invade Ukraine as soon as early 2022.

Why it matters: Most of this was known from public sources and satellite imagery, but the administration is sending a stronger signal by releasing specific details from the intelligence community.

CNN fires Chris Cuomo

Photo: Kevin Mazur/Getty Images for CNN

CNN said Saturday evening it has fired one of its star anchors, Chris Cuomo, following new revelations from a legal review made by the company into Cuomo's involvement in the management of his brother's sexual harassment scandal.

Why it matters: Saturday's firing speaks to how much pressure CNN was under by employees and critics to address Cuomo's behavior.

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