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In a recent interview with CNBC, Treasury Secretary Janet Yellen expressed ongoing concerns regarding privacy issues related to social media, specifically TikTok.
While she refrained from discussing the specifics of the matter due to pending legal action, Yellen acknowledged that the situation with the short video platform, owned by Chinese company ByteDance, remains unresolved. “We do have concerns around the potential issues with privacy and social media,” Yellen stated, emphasizing the unresolved status of the TikTok case.
During the interview, Yellen also mentioned that the issue of TikTok was not a focal point in the recent meeting between President Joe Biden and Chinese President Xi Jinping. Instead, her discussions with the Chinese counterpart centered around Chinese investments in the United States, particularly in relation to the Committee on Foreign Investment in the United States (CFIUS).
Yellen further noted that both Washington and Beijing see potential for collaboration following the presidents’ meeting. The dialogue between the two nations comes during heightened scrutiny over foreign investments and their implications for privacy and national security.