President Trump has postponed the ban on TikTok, seeking a way to keep the app operational in the U.S. He instructed the attorney general to delay the ban for 75 days and expressed a desire for a joint venture with a minimum of 50% U.S. ownership. Trump also dismissed national security concerns surrounding the app, claiming it 'has to close' without his approval but could be worth a trillion dollars with a deal. He asserted that the U.S. has 'bigger problems' than potential data sharing with China and stated he changed his mind after using the app himself.
Following his inauguration, Trump addressed a cheering crowd at Capital One Arena, where he also signed several executive orders. One of these orders postponed the ban on TikTok, a move he's making as he seeks a way to keep the app operational within the U.S. He instructed the attorney general to delay the ban for 75 days. The newly inaugurated president dismissed national security concerns surrounding the social media app when questioned by reporters in the Oval Office on Monday evening.
'TikTok is worthless, worthless if I don't approve it, it has to close. I learned that from the people that own it. If I don't do the deal, it's worthless, worth nothing. If I do the deal, it's worth maybe a trillion dollars, a trillion,' Trump stated. He continued to argue that there should be at least 50% U.S. ownership of the app, although he didn't address the original national security concerns that led to the app's ban. Trump previously called for a ban on the app due to national security during his first term. 'If I do the deal for the United States, then I think we should get half. In other words wait, I think the US should be entitled to get half of TikTok. And congratulations, TikTok has a good partner, and that would be worth, you know, could be $500 billion or something,' Trump explained. He also floated the idea of a 'joint venture,' but didn't elaborate on its specifics. Trump dismissed concerns about the app sharing data with the Chinese government. 'But remember, they make telephones in China. They make all sorts of things in China. Nobody ever complains about that. Here they're complaining about this, so many different products made in China, nobody ever complained about the only one they complain about is TikTok,' he said. When asked by a reporter why he changed his stance on the app, Trump said it was because he'd used it and claimed the U.S. had 'bigger' concerns. 'Because I got to use it. And remember, TikTok is largely about kids, young kids. If China is going to get information about young kids out of it, to be honest, I think we have bigger problems than that,' he stated. Notably, China sent its vice president, Han Zheng, to Trump's inauguration on Monday, a departure from the country's typical practice of sending an ambassador.
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