Trump says there is no TikTok agreement yet on security concerns

President Donald Trump said on Wednesday that he was not ready to approve a partnership agreement with Chinese-owned video app TikTok for a US company, which would allow him to continue his work in the United States.

Trump says there is no TikTok agreement yet on security concerns

The president said that a day before Silicon Valley tech giant Oracle was close to agreeing to make the app a "reliable technology provider", Washington has demanded that it is feared’ that Tik Tok is a threat to national security.

However, Trump said on Wednesday that no such agreement had been reached’ but that he would meet with officials on Thursday.

"As far as national security is concerned, it has to be 100 percent. And no, I'm not ready to sign anything. I need to see this agreement," Trump said on September 20, the owner of Tik Tok. Told reporters before the deadline for the byte dance. So that he can sell his US operations or face the closure of the app in the country.

He also said that he was opposed to the arrangement published by the media in which Byte Dennis would put the majority in the company at stake and Oracle at the stake of the minority.

"We don't like it," Trump said. "Imagine, I can tell you I don't like it."

Citing unnamed sources, Bloomberg reported earlier in the day that Oracle's proposal had reduced the Trump administration's concerns about national security, even though the deal was under discussion.

The Financial Times previously reported that Byte Dance was to have a global tick business in a new company at US headquarters, in which Oracle had invested as a minority shareholder with other US investors.

The Tik-Tok story has seen many twists and turns, initially seen by Microsoft as a sweater before rejecting the bid.

Chinese officials have said they will not allow Byte Dennis to sell tick-tock algorithms that are thought’ to be highly valued on popular social platforms.

"We have submitted a proposal to the Treasury Department that we believe will address the administration's security concerns," Tik Tok said in a statement, adding that the app would be used’ by 100 million people in the United States. Will allow

Trump has demanded that a portion of the sale be paid’ to the US Treasury, but was told Wednesday that it was advised that this was not possible.

"I want the bulk of that money to go to the United States government because we made it possible. And the lawyers come back to me and say there's no way to do that because before that someone Has not heard. " Said.


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