Connect with us

Hi, what are you looking for?

Stock

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

By Kanishka Singh

WASHINGTON (Reuters) – President-elect Donald Trump would not rule out continued Chinese ownership of TikTok if steps were taken to ensure that American users’ data was protected and stored in the U.S., incoming National Security Adviser Mike Waltz told CNN on Sunday.

TikTok stopped working for its 170 million American users on Sunday after a law took effect banning the app’s continued operation over U.S. politicians’ concerns that Americans’ data could be misused by Chinese officials.

Waltz told CNN the president-elect is working to “save TikTok” and doesn’t rule out continued Chinese ownership coupled with “firewalls to make sure that the data is protected here on U.S. soil.”

Trump has said he would “most likely” give TikTok a 90-day reprieve from a ban after he takes office on Monday, a promise TikTok cited in a notice posted to users on the app.

Waltz also spoke to CBS News on Sunday and said Trump needed time to sort out issues related to TikTok, while adding that an extension was needed for TikTok to evaluate proposed buyers.

However, Republican House of Representatives Speaker Mike Johnson sent contradictory signals, saying that he believed Trump would push for TikTok parent ByteDance to sell the app.

“The way we read that is that he’s going to try to force along a true divestiture, changing of hands, the ownership,” Johnson said. “It’s not the platform that members of Congress were concerned about. It’s the Chinese Communist Party.”

Some of Trump’s fellow Republicans in Congress have opposed the idea of the extension for TikTok.

Republican U.S. Senators Tom Cotton, who chairs the Senate Select Committee on Intelligence, and Pete Ricketts said in a joint statement on Sunday that “there’s no legal basis for any kind of ‘extension’ of (the ban’s) effective date.”

(This story has been corrected to clarify that the position is not subject to Senate confirmation in paragraph 3)

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Economy

    LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 beneficialinvestmentnow.com