Republican-Senators Support-Plan to Sell TikTok

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Republican-Senators Support-Plan to Sell TikTok
Republican-Senators Support-Plan to Sell TikTok

Republican-Senators Support-Plan to Sell TikTok

Two Republican senators back an idea by China’s ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had decided to ban the favored short-video app.

A Texas Republican, Senator John Cornyn said on Twitter on Sunday that divestment “and purchase by U.S. company is win-win.”

Treasury Secretary Steven Mnuchin told ABC on Sunday that the Committee on Foreign Investment on the U.S “agrees that TikTok cannot stay within the current format because it risks sending back information on 100 million Americans.”

Republican-Senators Support-Plan to Sell TikTok

Mnuchin said he and U.S. congressional leaders “all agree there has got to be a change.” He added Trump could “either force a purchase or the president can block the app using (International Emergency Economic Powers Act). And I’m not getting to discuss my specific discussions with the president.”

U.S. officials have said TikTok under its Chinese parent poses a national risk due to the private data it handles.

Reuters reported on Saturday that ByteDance accepted to divest the U.S. TikTok’s operations in its entirety during a bid to save lots affected at the White House.

Republican-Senators Support-Plan to Sell TikTok

ByteDance was previously seeking to stay a minority stake within the U.S. business of TikTok, that the White House had condemned. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok within the U.S, consistent with sources.

On Saturday, Republican Senator Lindsey Graham said the “right answer” to deal with security concerns about TikTok would be to “have an American company like Microsoft take over TikTok. Win-win. Keeps competition alive and data out of the hands of the Chinese Communist Party.”

Republican-Senators Support-Plan to Sell TikTok

Peter Navarro, White House adviser told Fox News that Trump would declare further action on TikTok on Sunday or Monday.

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