Trump backs proposed TikTok deal with Oracle, Walmart

National

(AP Photo/File)

WASHINGTON (AP) – President Donald Trump said Saturday he’s given his “blessing” to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese-owned app he’s targeted for national security and data privacy concerns.

Trump said the proposed deal will result in the creation of a company based in Texas and under the control of U.S.-based Oracle and Walmart.

The president has been targeting TikTok, a video app popular with younger people, as well as WeChat, another Chinese-owned app.

The dispute over the two apps is the latest flashpoint in the rising tensions between the world’s two largest economies.

LATEST STORIES:

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories