Trump says he won’t approve the deal if ByteDance retains TikTok control

US President Donald Trump said he would rescind his approval of TikTok’s deal with Oracle and Walmart if ByteDance retains control of TikTok. However, he also indicated that he expected Chinese influence to be diluted by a future public offering of the new company. Shortly after Trump’s comments, State-backed Chinese newspaper Global Times stated that Beijing is unlikely to approve this deal as it hurts China’s national security, interests and dignity.

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