There's way more going on behind the scenes here than is apparent. Trump could within the hour, literally within the hour, ban TikTok and nobody could really do much until/unless Congress decided to do something about it. Unfortunately, in America we've given the president too much power under the guise of national security. For that I blame Congress, of course, because whenever their team is in power they conveniently forget about restricting presidential authority.
With that being said, I do want to see Chinese social media companies banned from the US until/unless US companies can operate in China freely. There just isn't really a reason to let them operate here.