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Trump: China Must Give Up Control Of TikTok Or No Deal

US

Speaking to Fox and Friends, President Donald Trump says that for the US gov't to approve the proposed takeover of Chinese-owned social media firm TikTok by Oracle and Walmart, Chinese interests must entirely give up control of the firm for the deal to be agreed to.

  • Under the present terms of the deal, Oracle and Walmart would have a 20% stake in 'TikTok Global', while Chinese-owned Bytedance would control the remainder. Trump's comments seem to imply this deal would not be approved by the US gov't.

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