WASHINGTON — President Donald Trump stated Saturday he’s given his “blessing” to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese language-owned app he’s focused for nationwide safety and knowledge privateness considerations.
Trump stated the proposed deal will lead to a brand new firm more likely to be primarily based in Texas and below the management of U.S.-based Oracle and Walmart.
“I have given the deal my blessing,” he stated. “If they get it done, that’s great. If they don’t, that’s OK too.”
Trump has been focusing on TikTok, a video app fashionable with youthful folks, in addition to WeChat, one other Chinese language-owned app. The dispute over the 2 apps is the most recent flashpoint within the rising tensions between the world’s two largest economies.