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Biden set to inherit Trump's TikTok conundrum

Donald Trump has one day left in the White House. TikTok has a lot longer left in the app stores, despite still being owned by China's ByteDance.

Why it matters: Trump's failure to force divestiture or eviction was more than just a blunder, or source of schadenfreude for the TikTok users who bedeviled his reelection campaign's event planners. It was part of a "talk loudly and carry a small stick" economic policy toward China that Joe Biden will inherit.


State of play: ByteDance is still engaged with CFIUS, but negotiations have been pushed to the back burner by political considerations in both the U.S. (election aftermath) and China (Jack Ma and all his situation represents).

  • Oracle and Walmart remain committed to their September 2020 deal, which was briefly lauded by Trump, but don't really have a role in the CFIUS discussions.
  • TikTok continues to be atop or nearly atop the app stores, and has not yet removed the "interim" title from CEO Vanessa Pappas.

What now: Biden has occasionally talked tough on China, including when it comes to data security, but his specific policy prescriptions are so few as to fit into a TikTok video.

  • Will he maintain or cancel Trump’s executive orders related to ByteDance, not to mention EO’s that cover other Chinese tech companies like Alipay and WeChat? Or the blacklisting of Xiaomi. Dunno.
  • What about the corresponding Commerce Department prohibitions? Dunno.
  • Will new tariffs be proposed? Or will Biden just try to get concessions from China — including on tech issues — by offering to remove tariffs introduced in Trump’s “Phase 1” deal that never got to a second phase? Dunno.
  • Meanwhile, there is bipartisan D.C. consensus on the threats posted by Chinese companies like ByteDance (whether justified or not).

The bottom line: Biden's decisions related to TikTok could give us the earliest window into his China strategy, including what he does about a looming Feb. 18 court deadline over Trump's executive order. But there isn't any trail of breadcrumbs to follow, which means things will be as unsettled tomorrow night as they are tomorrow morning.

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Beltway media finally cashes out

Data: AdImpact; Chart: Thomas Oide/Axios

The media deal frenzy is coming for Washington, giving longtime owners and investors in political publications a way to finally cash out.

Why it matters: The post-Trump era has been a traffic nightmare for political publications, but business is soaring right now, thanks to a few hot-button issues being debated by a new, divided Congress.

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U.S. women's soccer team beats Netherlands in penalty shootout, moves on to Olympic semifinals

The U.S. women's soccer team beat the Netherlandsin a penalty kick shootout on Friday, propelling them to the semifinals of the Olympic Games.

Why it matters: The win brings the U.S. team one step closer to its quest for a historic back-to-back double — winning the Olympics after emerging victorious at the Women's World Cup. The U.S. will play Canada in the semifinals next week.

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Tucker Carlson sought interview with Putin at time of NSA spying claim

Tucker Carlson was talking to U.S.-based Kremlin intermediaries about setting up an interview with Vladimir Putin shortly before the Fox News host accused the National Security Agency of spying on him, sources familiar with the conversations tell Axios.

Why it matters: Those sources said U.S. government officials learned about Carlson's efforts to secure the Putin interview. Carlson learned that the government was aware of his outreach — and that's the basis of his extraordinary accusation, followed by a rare public denial by the NSA that he had been targeted.

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