Whoever buys TikTok, give the government “a lot of money” first! Mr. Trump’s remarks have refreshed the “three views” of The American media and academics, who have denounced the move as “unformal and immoral.” A day later (August 4, local time), reporters asked questions at the White House press conference. However, White House officials have yet to provide details and legal basis for the U.S. administration’s efforts to extract from the TikTok-related deal, saying repeatedly that “no answer,” “unclear” and “uncertain.”
On August 4, local time, some reporters questioned White House spokesman Kayleigh McEnroe at a regular White House press briefing.
“The president thinks the government should get a piece of the Pie from the TikTok deal, but he doesn’t explain how it works, ” he asked a reporter. What power does the Treasury have to charge Chinese, Microsoft, or other U.S. buyers to meet the president’s demands? “
McKinney gave no other details to reporters and said she “wouldn’t say exactly what to do before the president.” At the same time, she stressed again that both Mr. Trump and Mr. Pompeo had said that the United States would take action against Chinese applications, including TikTok, in the coming days.
Notably, several reporters have since asked TikTok about the legal basis for trump’s request twice.
White House spokesman John McKinney: Cannot be disclosed, video screenshots.
“There are no concrete plans yet,” Larry Kudlow, the White House economic adviser, told Fox News, according to Reuters. The president may be thinking that because the Treasury department has done a lot of work on TikTok, there are plenty of options. “
Mr Kudlow also said he was “uncertain” about how to do it. “But I’m not sure if it’s a specific concept,” he said. It remains to be seen about the cost or anything like that. He told Fox that this may not be a “critical provision.”
On TikTok, Mr. Trump was “unsightly”: first by threatening to ban executive power, then by suggesting takeovers by America’s “safe big companies” and finally by openly demanding that the Treasury get a “share” of the deal.
“The U.S. government deserves compensation and compensation because without it, they have nothing,” Mr. Trump declared at a White House press conference on August 3. But he did not give details of how much the government would take from it, or whether it would pay it directly.
On August 4, local time, Mr. Trump reiterated that call on Tuesday. He told a news conference that he had told Microsoft that “a large part of it will go to the Us Treasury, regardless of the price”.
Mr. Trump’s move drew criticism from the economy, the law and others. The Wall Street Journal reported that Carl Tobias, a law professor at the University of Richmond, accused Mr. Trump of proposing that the government get a piece of a piece of a business deal, especially one he had crafted, “which is very informal and immoral.”
Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, a prominent US think-tank, sarcastically said Mr. Trump’s proposal reminded him of the medieval king who regulated the monopoly on salt. “If you want to mine some salt, you have to put your money in the treasury.”