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Donald Trump calls TikTok a threat but says some kids could 'go crazy' without it

Economic Times

Economic Times · 1y ago

Donald Trump calls TikTok a threat but says some kids could 'go crazy' without it

US presidential candidate Donald Trump claimed that a ban on TikTok would only benefit Facebook, which he has criticized in the past. Lawmakers are considering a bill that would give TikTok's Chinese owner, ByteDance, six months to divest from the app. TikTok, in a letter to Congress, emphasized that it is not controlled by the Chinese government and argued that a sale would jeopardize its efforts to protect US data. The FBI and other departments held a briefing to discuss concerns about the app. Trump also mentioned a meeting with an investor who has a stake in ByteDance.

Related News

TikTok a US security threat, says Trump, similar to Facebook

Economic Times

Economic Times · 1y ago

TikTok a US security threat, says Trump, similar to Facebook

Republican presidential candidate Donald Trump expressed his concerns about TikTok as a national security threat, comparing it to other social media platforms like Meta's Facebook. Lawmakers are considering a bill that would require TikTok's owner, ByteDance, to divest the app within six months. The U.S. House of Representatives will vote on the legislation this week. Trump also criticized Facebook, stating that a ban on TikTok would benefit the company. TikTok argues that the bill essentially amounts to a ban and raises concerns about infringements on free expression. It remains uncertain if China would approve a sale or if TikTok could be divested within the given timeframe.

TikTok a US security threat, says Trump, similar to Facebook -CNBC

Reuters · 1y ago

TikTok a US security threat, says Trump, similar to Facebook -CNBC

Republican presidential candidate, Donald Trump, has described the popular short video app TikTok as a national security threat but likened it to other social media platforms such as Facebook. Lawmakers are considering a bill that would give TikTok's owner, ByteDance, six months to divest the app. The US House of Representatives is expected to vote on the legislation this week. Trump claimed that banning TikTok would benefit Facebook, a platform he has criticized in the past. President Joe Biden has indicated he would sign the bill once it is approved. TikTok argues that the proposed legislation effectively amounts to a ban.

Trump says without TikTok, 'Facebook and Zuckerschmuck will double their business'

Business Insider

Business Insider · 1y ago

Trump says without TikTok, 'Facebook and Zuckerschmuck will double their business'

Former President Donald Trump has expressed concern over the potential ban of TikTok in the US. He believes that eliminating the app could strengthen Facebook and its CEO, Mark Zuckerberg. Trump's comments come after TikTok users launched a campaign against a proposed bill that would ban the app or require its sale to a non-Chinese company. The White House supports the bill, which aligns with Trump's previous stance on TikTok. Trump has a history of feuding with Zuckerberg, calling him a "criminal" and accusing him of interfering in elections.

Trump says all BRICS nations, including India, to face additional 10% tariff

Economic Times

Economic Times · 1m ago

Trump says all BRICS nations, including India, to face additional 10% tariff

U.S. President Donald Trump announced that BRICS nations, including India, would face an additional 10% tariff, accusing the bloc of trying to undermine the U.S. dollar. Trump stated that India would not be exempted from the tariffs as a part of BRICS. Though the tariff threat isn't immediate, it would be enacted if any BRICS country takes actions deemed "anti-American." Trump added he doesn't see BRICS as a real threat to America.

DOJ urges Supreme Court to reject Trump request to delay TikTok ban law

Economic Times

Economic Times · 7m ago

DOJ urges Supreme Court to reject Trump request to delay TikTok ban law

The U.S. Department of Justice urged the Supreme Court to reject Donald Trump's request to delay a law banning TikTok, requiring ByteDance to divest its U.S. assets by January 19. Trump sought more time post-January 20 to address the issue politically. The DOJ argues that TikTok poses a national security threat due to data collection, while TikTok cites free speech concerns. The Supreme Court will hear the case on January 10.

Trump security adviser doesn't rule out continued Chinese ownership of TikTok

Economic Times

Economic Times · 7m ago

Trump security adviser doesn't rule out continued Chinese ownership of TikTok

Incoming National Security Adviser Mike Waltz mentioned that President-elect Donald Trump might allow TikTok to remain under Chinese ownership if American data protection is assured, with data stored in the U.S. Waltz indicated Trump is seeking to preserve TikTok while maintaining security. However, Republican House Speaker Mike Johnson and some senators expressed a preference for forcing ByteDance to sell TikTok, arguing that security concerns stem from its Chinese ownership.

Trump says US talking to four different groups on Tiktok

Economic Times

Economic Times · 5m ago

Trump says US talking to four different groups on Tiktok

US President Donald Trump stated that his administration was negotiating with four groups regarding the sale of TikTok, owned by China's ByteDance, due to national security concerns. This follows a law mandating the app's sale or a potential ban, effective January 19. Trump signed an executive order to delay enforcement by 75 days. Multiple parties are interested in TikTok, estimated to be valued up to $50 billion.

Biden won't enforce TikTok ban, leaving fate of app to Trump, says US official

Economic Times

Economic Times · 7m ago

Biden won't enforce TikTok ban, leaving fate of app to Trump, says US official

President Joe Biden will not enforce the TikTok ban set by Congress, leaving its fate to President-elect Donald Trump. While Congress mandated ByteDance to divest TikTok, the outgoing administration is deferring enforcement to Trump. Notably, incoming officials suggest TikTok might be preserved, indicating bipartisan efforts to extend deadlines and find American buyers. Despite previous attempts to ban it, Trump’s team now acknowledges TikTok’s significance for communication and influence, especially among younger voters.

General Atlantic CEO says he is optimistic on TikTok deal in the US

Economic Times

Economic Times · 7m ago

General Atlantic CEO says he is optimistic on TikTok deal in the US

General Atlantic's CEO, also a TikTok board member, expressed optimism about finalizing a deal to keep TikTok operational in the U.S., despite an impending ban. A recent executive order from President Trump delayed the ban's enforcement, originally set for January 19. Speaking at the World Economic Forum, CEO Bill Ford conveyed confidence that U.S. security concerns could be resolved without selling the company. General Atlantic is an investor in TikTok's parent company.

Trump says any TikTok deal would not mirror Nippon-US Steel

Economic Times

Economic Times · 3m ago

Trump says any TikTok deal would not mirror Nippon-US Steel

President Donald Trump stated that any agreement to prevent TikTok from being banned in the U.S. would differ from the anticipated deal between Japan's Nippon Steel and U.S. Steel. He mentioned that China would need to approve any TikTok deal. Trump made these remarks to reporters while in the Oval Office, highlighting that the circumstances surrounding the deal would be unique and not a replication of past international agreements.

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