How far reaching does the rule of law go? Like the US is governed by rule of law, but when you bring in international elements, can all parties operate under rule of law ?
It seems almost in this case that the argument made by the US is actually that TikTok is not governed under an agreed upon rule of laws. Such as it needing to share information with the CCP or having to comply to any other of their wishes.
Also, rule of laws just means the laws define the regulations which apply equally to everyone (which means everyone that bought into the society which honors those laws). So the question here is, do the laws give the president the ability to block a foreign company in such situation? If not, then this should be blocked, though laws could be made to block the company as well, just not exclusively enacted by the president.