CRS, PRC Digital Platforms Face Divestiture, Import Bans, and Market Access Scrutiny

P.L. 118-50 required ByteDance to execute a qualified divestiture of TikTok, resulting in a U.S.-majority joint venture retaining ByteDance at 19.9% with IP and algorithm ties to China still intact. Commerce has also banned import and sale of certain PRC-tied connected vehicle hardware and software, while Congress weighs further restrictions on platforms including Temu, Shein, and Tencent gaming holdings.