White House says unclear whether U.S. government will get cut of TikTok sale
- 05 August 2020
White House officials on Tuesday could not say how the U.S. government would receive a portion of the proceeds from any sale of TikTok’s U.S. operations, one day after President Donald Trump called for a cut of the money, APA reports quoting Reuters.
“There’s no specific blueprint here,” White House economic adviser Larry Kudlow said on Fox Business Network on Tuesday. “It may be that the president was thinking, because the Treasury has had to do so much work on this, there are a lot of options here. I’m not sure it’s a specific concept that will be followed through....Regarding fees or anything like that, all that remains to be seen.”
White House spokeswoman Kayleigh McEnany, speaking to reporters at a separate briefing, also gave no other details and said she did not want to get ahead of Trump on the issue. She reiterated that the United States planned to take some action on Chinese-owned apps, including TikTok, in coming days but gave no details. She twice declined to say how legally the United States could take a cut of the sales proceed.