House China Committee Chairman John Moolenaar believes Donald Trump is the ideal individual to broker a deal for TikTok's continued operation in the US.
House China Committee Chairman John Moolenaar told Fox News Digital that President-elect Donald Trump is the 'perfect leader' to negotiate and deliver the 'deal of the century' to keep TikTok available in the U.S. The Supreme Court is expected to hear oral arguments on Jan. 10, 2025 on the law that requires a divestment of TikTok from foreign adversary control. TikTok is owned by ByteDance, a company based in Beijing and connected to the Chinese Communist Party.
That legislation, which was signed into law in the spring, requires a sale of TikTok from ByteDance by Jan. 19. If ByteDance does not divest by the deadline, Google and Apple are no longer able to feature TikTok in their app stores in the U.S. Supreme Court Justices said they will hold a special session on Jan. 10 to hear oral arguments in the case -- an expedited timeline that will allow them to consider the case just nine days before the Jan. 19 ban is slated to take effect. The law allows the president to extend the deadline by up to 90 days if ByteDance is in the process of divesting. In an exclusive interview with Fox News Digital, Moolenaar, R-Mich., said he has been meeting with top investors, and that he has 'full confidence' that Trump 'will be able to make a great deal for America.' 'It will be the deal of the century,' Moolenaar said, noting that the divestment 'could happen in phases.' 'First with a buyout and then a massive IPO—probably the largest IPO in history,' he said. 'And I believe President Trump is the perfect leader to negotiate and deliver this win.' He added: 'President Trump has the opportunity to make the deal of the century because of the leverage of the TikTok legislation passed by Congress.' Moolenaar predicted that the sale of TikTok could be completed quickly after it exhausts its appeals and the U.S. Supreme Court decides the cas
POLITICS BUSINESS LAW TIKTOK USA SUPREME COURT DONALD TRUMP JOHN MOOLENAAR
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