Trump Backs Proposed Deal Handing Reins of Chinese-Owned App to American Companies

President Donald Trump said Saturday he’s given his “blessing” to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese-owned app he’s targeted for national security and data privacy concerns.

Trump said the proposed deal will result in a new company likely to be based in Texas and under the control of U.S.-based Oracle and Walmart.

“I have given the deal my blessing,” he said. “If they get it done, that’s great. If they don’t, that’s OK too.”

Trump has been targeting TikTok, a popular video-sharing app, as well as WeChat, another Chinese-owned app.

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