International
TikTok Ban: Trump Proposes U.S. Ownership Stake in TikTok, Delays Ban
- Trump delays TikTok ban and proposes U.S. 50% ownership stake.
- The plan seeks to address national security concerns while keeping TikTok running.
- Details of the joint venture proposal are still unclear, sparking debate.
Donald Trump has announced plans to delay the proposed ban on TikTok and suggested that the United States take a 50% ownership stake in the app’s American operations.
The move, outlined on Trump’s Truth Social platform, marks a significant shift in his approach to the Chinese-owned video-sharing app.
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“I would like the United States to have a 50% ownership position in a joint venture,” Trump stated, emphasizing his intention to safeguard national security while keeping TikTok operational in the U.S. His proposal includes forming a partnership between TikTok’s current owners, potential new stakeholders, and the U.S. government.
The ban, initially set to take effect upon his assumption of the presidency, will be postponed through an executive order, Trump confirmed.
He expressed optimism about reaching an agreement that would address security concerns while preserving TikTok’s widespread popularity among American users.
The proposed deal highlights Trump’s ongoing focus on ensuring American oversight of companies with foreign ties, particularly those linked to China.
His statement reflects a vision of leveraging partnerships to mitigate risks and foster economic benefits for the U.S.
TikTok, owned by Chinese tech giant ByteDance, has faced scrutiny from U.S. officials over concerns about user data privacy and potential influence by the Chinese government.
Trump’s administration has maintained that any agreement involving TikTok must prioritize U.S. interests and security.
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Details of the proposed joint venture remain unclear, including how such a partnership would be structured or funded. Trump’s proposal is likely to spark debate among lawmakers, tech leaders, and international stakeholders as the ban’s delay provides a window for negotiations.
This latest development underscores the evolving landscape of U.S.-China tech relations and sets the stage for further discussions on the future of TikTok in the United States.
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