Trump backs proposed deal to keep TikTok operating in US
NEW YORK (AP) – President Donald Trump says he’s given his “blessing” to a proposed deal that would see the popular video-sharing app TikTok partner with Oracle and Walmart and form a U.S. company. Trump has targeted Chinese-owned TikTok for national security and data privacy concerns. The announcement comes just a day after the Commerce Department announced restrictions that if put in place could eventually make it nearly impossible for TikTok fans to use the app. Trump said Saturday that, if completed, the deal would create a new company likely to be based in Texas. He also said the company will be hiring at least 25,000 people.
By STAN CHOE
AP Business Writer