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Trump's demand for US cut of a TikTok deal is unprecedented


AP
Microsoft
TikTok
Trump
Treasury
the Fox Business Network
White House
the Committee on Foreign Investment
Public Knowledge
the Department of Justice
the White House
the White House’s
Cornell University
ByteDance
The Associated Press
more.”A


Donald Trump
Larry Kudlow
Hal Singer
Gene Kimmelman
Eswar Prassad
Kayleigh McEnany
Zhang Yiming
Kevin Freking
Martin Crutsinger


Chinese
Americans

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Econ One


NEW YORK
U.S.
America
the United States
deal.”While
Washington

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The New York Times
SOURCE: https://apnews.com/84d93560dbdf072cf76ae7fe88dd8854
Write a review: Associated Press
Summary

“The notion of a payment to the U.S. government sets a dangerous precedent of explicit entanglement between national security and economic considerations.”White House press secretary Kayleigh McEnany sidestepped a question Tuesday about what authority the federal government had to collect a portion of proceeds from the potential sale of TikTok, saying “I’m not going to get ahead of the president on any official action.”Treasury did not reply to questions about what legal precedent Trump is relying on to get a payment for the TikTok deal.In a statement Sunday, Microsoft had said that that it was committed to the deal “subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury.”TikTok has said that it is loved by Americans and “will be here for many years to come.” In a memo ByteDance CEO Zhang Yiming sent Chinese employees Tuesday, a translated version of which ByteDance sent to The Associated Press, he said that he felt the goal of the Trump administration was not the forced sale of TikTok’s U.S. business to an American company through CFIUS, but “a ban or even more.”A representative for Microsoft did not reply to questions about the payment demand Tuesday.

As said here by TALI ARBEL