Trump not ready to OK TikTok deal, admits US won't get cut

17/09/2020   0 Comments

President Donald Trump said he expects to get a report Thursday about Oracle's bid for the Chinese-owned video-sharing app TikTok and admitted there is no legal path to letting the US Treasury get a cut of the deal a proposition experts had criticized as unprecedented and possibly illegal.

I'm not prepared to sign off on anything. I have to see the deal, Trump told White House reporters Wednesday evening about Oracle's interest in TikTok.
Some in the US have raised concerns about the deal, fearing that ByteDance Ltd., the Chinese company that owns TikTok, would maintain access to information on the 100 million TikTok users in the United States.
It has to be 100% as far as national security is concerned," Trump said.


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