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The simple argument would be that TikTok is essentially part of the State at this point. Treat it as such.

There is a similar argument for FB and Twitter on other countries. If this happens the side-effect might be every country creating their own local social apps and banning US-based social networks.

Democracies shouldn't ban media for "tampering in domestic politics". Censoring foreign press is what dictatorships do.

Even explicitly hostile foreign outlets like RT and PressTV should be protected by freedom of speech.