News > Trump not ready to OK TikTok deal, admits US won’t get cut
Trump not ready to OK TikTok deal, admits US won’t get cut
17/09/2020 11:59 AM | Click to read full article
President Donald Trump said he expects to get a report Thursday about Oracle’s bid for the Chinese-owned video-sharing app TikTok and admitted there is no legal path to letting the U.S. Treasury get a cut of the deal — a proposition, experts had criticized as unprecedented and possibly illegal.
“I’m not prepared to sign off on anything. I have to see the deal,” Trump told White House reporters Wednesday evening about Oracle’s interest in TikTok.