Yes, I'm sure that's why the European commission did the same [1] a few days ago, why the US House is debating it now [2], and a number of other govt's have been considering it in the last month or two..
[1] https://www.euronews.com/my-europe/2023/02/23/european-commi...
[2] https://thehill.com/policy/technology/3876321-tiktok-ban-mak...
[3] https://thehill.com/policy/technology/3845729-texas-governor... https://statescoop.com/florida-tiktok-ban-desantis-digital-r...