WASHINGTON: President Donald Trump said he expected to receive a report Thursday on Oracle’s offer for China’s TikTok-owned video-sharing app and admitted there was no through legal means to allow the US Treasury to get part of the deal, a proposal that experts had criticized as unprecedented and possibly illegal.
I am not ready to sign anything. I have to see the deal, Trump told White House reporters on Wednesday night of Oracle’s interest in TikTok.
Some in the United States have expressed concerns about the deal, fearing that ByteDance Ltd., the Chinese company that owns TikTok, will maintain access to information about the 100 million TikTok users in the United States.
It has to be 100% as far as national security is concerned, ”Trump said.
The president previously said he would ban TikTok if it wasn’t sold to a US company. In an August 6 order, Trump said TikTok would censor content that the Chinese Communist Party deems politically sensitive, is potentially a source of disinformation campaigns, and threatens to allow the Chinese Communist Party to access Americans’ personal and proprietary information. .
TikTok claims it has not and will not share US user data with the Chinese government, claims it does not censor videos at the request of Chinese authorities, and notes that moderators of US operations are led by a team American.
Trump said he was stunned to learn that the Treasury could not receive any payment in exchange for the United States signing the deal.
Surprisingly, I find you are not allowed to do this, Trump said. If they are willing to make big payments to the government, they are not allowed because … there is no legal way to do it. … How dumb can we (the United States) be? ”
TikTok, which claims to have 100 million users in the United States and 700 million worldwide, is known for its fun and wacky dancing, lip-syncing, prank and joke videos. It is also home to more political material, some of which criticize Trump.
The Oracle deal, according to a person familiar with the matter who is not authorized to speak publicly, hands data from U.S. users of TikTok to Oracle, which is said to oversee TikTok’s technical operations in the United States. Oracle will not develop code for the application, but will review and update it.
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