A top US official said the Trump administration would only accept a deal on the popular social media app TikTok that makes it an American entity. WASHINGTON: TikTok must become a"US based company controlled by US investors" or will be banned in the United States, Treasury Secretary Steven Mnuchin said on Wednesday .
Mnuchin said the plan would"build a world class US based company controlled by US investors" and fully satisfy all US national security issues.President Donald Trump has said he would approve the plan to take TikTok out of the hands of its Chinese parent ByteDance, but it was unclear if Beijing would approve the deal.
Source: News Formal (newsformal.com)
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