Why Is Trump Planning to Take Half Possession of TikTok for the U.S.?

President-elect Donald Trump offered to his supporters that he wants the Chinese language-owned video app TikTok to be now not decrease than 50% owned by American investors.

In the future of a rally in Washington, Trump declared his plan to permit TikTok to proceed its operations in the U.S. only if it has the same opinion to this huge American possession.

Trump said, “With out permission to operate, TikTok is charge nothing.” He believes that with U.S. approval, TikTok will be charge an unlimited amount, care for a thousand billion bucks. 

He described this conception as a partnership where the U.S. might perhaps well be part of in owning TikTok, attracting many potential U.S. investors.

The app turned into as soon as blocked for about 12 hours on Sunday because of a brand new regulation. This regulation would get banned TikTok unless its Chinese language owners sold it. 

The app started working all over again after Trump acknowledged he would signal an show to permit TikTok to operate in the U.S. all over again, excellent before he takes office.