Friday, 24 March, 2023

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

<p>US President Donald Trump said he would rescind his approval of TikTok&rsquo;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&rsquo;s comments, State-backed Chinese newspaper Global Times stated that Beijing is unlikely to approve this deal as it hurts China&rsquo;s national security, interests and dignity.</p>