“We share the concerns of our elected officials about protecting our national security. However, before jumping to a complete prohibition, we urge a pragmatic approach that emphasizes TikTok’s complete divestment from the Chinese Communist Party and CCP-adjacent companies. By ensuring TikTok is fully separated from any foreign influence, we can protect user data, address security threats, and preserve a critical economic pipeline for millions of small businesses across the United States.
“Despite its entertainment-driven creation, TikTok has evolved into an economic powerhouse. The company is projected to generate nearly $44 billion in advertising revenue by 2026 with a global user base of 1.9 billion people. Here at home, over 7 million small businesses rely on TikTok for brand awareness and marketing, and the platform contracts more than 100,000 entrepreneurs as influencers. It’s not just about dancing videos—this is about real livelihoods, real businesses, and real families.
“On top of that, TikTok will pay $5 billion in taxes to the U.S. over the next few years alone. With so much at stake for our nation’s small businesses and overall economy, divestment remains a far better option than prohibition – even if we need to push the deadline back to achieve a thorough, transparent divestment process.
“President-elect Trump himself has asked for more time to find a sustainable deal, and I strongly encourage our regulators to give it to him.”
To learn more, follow @myushbc and @JPalomarez on X.
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About the USHBC
Javier Palomarez is the President & CEO of the United States Hispanic Business Council (USHBC). The United States Hispanic Business Council (USHBC) is the leading voice for the Hispanic business community. A 501(c)6 non-profit organization, the USHBC focuses on improving access to contracting in the public and private sector, fair representation of Hispanics in business, media, and politics and ensuring Hispanics have a voice in the national dialogue. The USHBC is a nonpartisan organization.
Katherine O'Hara
The O'Hara Project
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