President Donald Trump said Saturday he's given his 'blessing' to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok.
"I have given the deal my blessing," Trump told reporters on Saturday."If they get it done, that’s great. If they don’t, that’s OK too."
Trump said the proposed deal will result in a new company likely to be based in Texas and under the control of U.S.-based Oracle and Walmart. Trump has been targeting TikTok, a video app popular with younger people, as well as WeChat, another Chinese-owned app. The dispute over the two apps is the latest flashpoint in the rising tensions between the world’s two largest economies.
A total ban on the use of TikTok would follow on Nov. 12, but Commerce Secretary Wilbur Ross said Friday on Fox Business News that access to that app may be possible if certain safeguards are put into place. "At the President's direction, we have taken significant action to combat China's malicious collection of American citizens' personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S.
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