Experts, China warn against Trump's TikTok sale push & 'key money' demand
As President Trump continues to call for the sale of TikTok with a percentage of the sale going to the US Treasury, experts and Chinese government-controlled media are weighing in on the dangerous implications of such a deal.
On Friday, Trump had declared that he would soon be banning controversial short-form video app TikTok, claiming that the China-owned company posed a threat to national security. On Monday, he clarified that the company could continue to operate in the U.S. if they sold their U.S. arm to an American-owned company. He also stated that he believed a significant portion of the money from the sale should go to the U.S. Treasury.When later asked whether the money should come from Microsoft or TikTok's parent company, the China-owned ByteDance, he said the U.S. should receive a significant portion of the deal regardless of who paid the fee.
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