It's pretty ridiculous to claim that "you can exist, but not do business" is anything other than a ban. What are they supposed to do, panhandle?

It makes it clearly a business conflict, not a free speech one.

That's a false dichotomy - it's a third thing: nakedly political posturing.

The order seems sufficiently broadly worded to ban ads on either platform, hosting them in the US, etc.

Trump's set an ultimatum whereby tiktok's American operations will have to be sold to Microsoft or it gets banned.

Monetization is also the reason China banned every US Internet service.

Funny enough, it is not. Of course, one of the reason Google got banned was because Baidu, its competitor watches it all the time, and every time it is not following the law, Baidu will file a complaint for it. Foreign businesses make good money in China.

Google is still selling ads in China, so monetization doesn't appear to be considered problematic.

> Google is still selling ads in China,

More like Google is selling ads outside China for Chinese companies.

Google Ads market share in China is really small.