Uncertainty over the Chinese video sharing app comes as tension mounts between the UK and China.
There are fears it could prompt a tit-for-tat economic war between the two countries.
But he said:"It is wrong for the United Kingdom to discriminate [against a] Chinese company because of pressure from the United States."The Trump administration claims that the Chinese telecoms firm provides a gateway for the state to spy on and potentially attack countries that use its equipment.George Magnus, research associate at University of Oxford China Centre, said it was"hard to predict" how the Chinese government would retaliate for the Huawei decision.
Josh Hardie, deputy director general of the Confederation of British Industry, said:"Post-Covid, promoting trade will be an important plank of our recovery, so we must think carefully about a future relationship that balances UK global competitiveness with wider interests." China has recently banned some of its beef businesses and put tariffs on barley, designed to hit the country's important agricultural sector.
TikTok currently employs around 1,000 people outside of China, with the majority of those based in the UK and Ireland.
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