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.
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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