Trump Wants the Treasury to get a Substantial Cut of any TikTok Acquisition

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Trump Wants the Treasury to get a Substantial Cut of any TikTok Acquisition Veronica 08/04/20 (Tue) 17:02:53 b850ab No.263795

By Isobel Asher Hamilton

https://www.businessinsider.com/author/isobel-asher-hamilton

China's state media has reacted furiously to Trump's comments that the US Treasury should get a cut of any sale of TikTok to an American company.

President Trump on Monday announced not only that TikTok has a deadline to sell off its US business, but he also expects the government to receive a slice of any deal.

In a tweet Hu Xijin, editor-in-chief of the state-run Global Times, said it constituted "open robbery."

"This is an open robbery. The world is watching and God is watching that how President Trump is turning the once great America into a rogue country,"

https://www.businessinsider.com/trump-tiktok-deal-treasury-cut-china-reaction-2020-8

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