US Treasury Secretary Janet Yellen
Washington, Nov 21: The United States has concerns about issues with privacy and social media but the matter involving TikTok remains unresolved, US Treasury Secretary Janet Yellen told CNBC.
“This wasn’t an explicit matter of discussion between presidents Biden and Xi. I met with my own Chinese counterpart vice premier He for two days preceding the Biden-Xi meeting and we did discuss issues concerning China’s investments in the United States and the CFIUS [Committee on Foreign Investment in the United States] process where we review investments but there’s a legal action that is currently pending in regard to TikTok and we are not really able to pursue further CFIUS actions while those legal issues are pending,” Yellen said.
The secretary reiterated that the US has “concerns around the potential issues with privacy and social media.”
“But I’m really not at liberty to discuss the TikTok case in detail. I want to avoid giving advice to investors, this is a matter that has not yet been resolved,” she added.
TikTok is banned from use on US government devices.
