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Investors to pay billions to US government in TikTok deal
Mar 16, 202611 sources
person:trumporg:tiktokorg:wsj
Trade should not be weaponized for geopolitical aimsChina must achieve semiconductor self-sufficiencyUS containment of China must be resistedChina is a systemic rival reshaping global rulesTechnology must be denied to strategic rivalsStates have the right to govern their digital spaceChina must tell its own story to the world
Summary
Reports say the Trump administration is set to receive a fee, reported as $10 billion or $13 billion, for brokering a deal involving the social media app TikTok. The payment would come from investors in a joint venture related to the app.
Multiple outlets, including the Wall Street Journal, reported on the arrangement, which involves the US government receiving the money as part of the agreement.
