TikTok: Trump questions Oracle deal if ByteDance keeps stake
President warns any agreement to continue operating in US must be ‘100% as far as national security is concerned’
Reuters
Donald Trump has questioned plans by the Chinese tech firm ByteDance to keep a majority stake in TikTok’s US operations as part of a
“Conceptually I can tell you that I don’t like that,” Trump told a news conference when asked about a reported proposal to give Oracle only a minority share. “I’m not prepared to sign off on anything. They’re going to be reporting to me tomorrow morning and I’ll let you know.”
Trump said he would be briefed on Thursday about a proposal that calls for Oracle to become a “trusted technology provider” for TikTok’s American operations, but he did not favour the idea of having the Chinese firm retain control.
“It has to be 100% as far as national security is concerned,” Trump said. “I have to see the deal.”
Also, lol
President warns any agreement to continue operating in US must be ‘100% as far as national security is concerned’
Reuters
Donald Trump has questioned plans by the Chinese tech firm ByteDance to keep a majority stake in TikTok’s US operations as part of a
“Conceptually I can tell you that I don’t like that,” Trump told a news conference when asked about a reported proposal to give Oracle only a minority share. “I’m not prepared to sign off on anything. They’re going to be reporting to me tomorrow morning and I’ll let you know.”
Trump said he would be briefed on Thursday about a proposal that calls for Oracle to become a “trusted technology provider” for TikTok’s American operations, but he did not favour the idea of having the Chinese firm retain control.
“It has to be 100% as far as national security is concerned,” Trump said. “I have to see the deal.”
Also, lol
The president also expressed surprise that Washington could not demand payment from the companies in exchange for approving any agreement. “Amazingly I find that you’re not allowed to do that,” he said. “What kind of a thing is this?”