How TikTok became a ‘poker chip’ in a high-stakes game between Trump and China
2 months, 1 week ago

How TikTok became a ‘poker chip’ in a high-stakes game between Trump and China

CNN  

New York CNN — In his first few days back in office, President Trump is talking about TikTok entirely as a deal making exercise, dropping all of his previously expressed concerns about Chinese influence and American national security. “I would like the United States to have a 50% ownership position in a joint venture,” Trump wrote on Truth Social on Sunday, suggesting “a joint venture between the current owners and/or new owners.” He framed the ban as an American approval process, telling supporters at a Sunday rally that “TikTok is worth nothing, zero, without an approval.” That view stems from the fact that TikTok has a large and devoted fan base in the United States, and that the app’s tech partners are based in the US, meaning an American ban has impacts around the world. On Monday, Trump overstated his power over the app, saying “essentially with TikTok, I have the right to either sell it or close it, and we’ll make that determination,” as if he owned ByteDance. “So what I’m thinking about saying to somebody is, ‘Buy it and give half to the United States of America, half, and we’ll give you the permit.’” When asked if he would support Musk acquiring the app, Trump responded, “I would be.” Musk, who already owns the social media app X and could find many synergies between X and TikTok, has yet to comment on the possibility. Tellingly, though, Trump asserted at his Sunday rally that “we have no choice” but to keep TikTok alive because “we have to save a lot of jobs.” That’s been a key talking point amplified by TikTok executives - that the app supports millions of small businesses and content creators in the United States.

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