Trump Says US Will Get “Tremendous Fee” for TikTok Deal

Trump claims the US is about to get a tremendous fee for taking TikTok out of China as talks swirl around a possible deal.

Matilda

Trump Says US Will Get “Tremendous Fee” for TikTok Deal

Trump claims the US is about to get a tremendous fee for taking TikTok out of China Once again, the US government is stepping into the middle of a massive business deal. Trump claims the US is about to get a tremendous fee for taking TikTok out of China , raising eyebrows about how far Washington is willing to go in extracting value from global companies. Image : Google According to a new report from The Wall Street Journal , the Trump administration is “expected to collect a multibillion-dollar fee” in exchange for green-lighting a takeover of TikTok’s US business. This move highlights how the White House is treating the app not just as a security concern but also as a source of revenue. Who pays the “tremendous fee”? The fee won’t come from TikTok directly but from its American investors. Backers such as private equity firm Silver Lake and Oracle are expected to foot the bill as part of the new ownership structure. The group would reportedly end up with around half of TikTok’s US operation…

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