Trump threw a red herring about a 50:50 ownership of TikTok between China and the USA. This is impossible because China does not own TikTok nor ByteDance. ByteDance is 60% owned by international institutions, and the three major shareholders are American companies. The two Chinese shareholders of ByteDance are its creators, and they only own 20% while the balance 20% were own by its employees. And ByteDance is a Cayman registered company, not a company registered in China.
Technically and legally, ByteDance is not a Chinese company. In the same manner, ByteDance Chinese owners proportionally own only 20% of TikTok. If the employees' shares are included, the Chinese ownership will be only 40% of TikTok. The international institutions, mainly Americans, already own 60% of TikTok.
Trump and his legal advisers cannot miss this point, and to keep on harping about a 50% ownership is just a lie, a ploy. China does not have 50% of TikTok shares to sell to the Americans. And the Americans already own 60% of TikTok, more than what Trump is asking for.
So, what is the big fuss? TikTok is as good as already own by the Americans with 60% of the share ownership. The Americans are experts in laws and not to notice this is plain trickery.
What is the real intent of the Americans for kicking such a big ruse on TikTok to the point of banning it?