While this sort of quashing of free markets may be permissible for sovereign nations, it comes with a heavy cost. Trump, and by proxy the U.S., moves to force the hand of ByteDance to divest itself of all interest in TikTok at fire sale prices through threat of shutting them down. The U.S. establishes its reputation for stifling competition whenever a strong enough sovereign interest is in play. China, and other countries, will respond in kind to protect their own interests - Tesla, Apple, Intel and whatever other company has a juicy stake in China are held hostage until they concede their interests of to a China state-run company. Imagine trying to do business in another country when the fear of takeover looms overhead if you ever become too successful? This behavior only serves to encourage more protectionist and isolationist markets.