The TikTok Ban Should Worry Every Company

The second-order cost of sabotaging the international business environment with these policies could be much higher: 86% of companies in the US-China Business Council have reported experiencing negative impacts on their business with China. The biggest impact was lost sales because customers shift their suppliers or sourcing due to uncertainty of continued supply. Companies worried about a US ban may just initiate a “De-Americanization” plan to remove or replace US components in their products and supply chains.