Trump official says TikTok must become US firm

Washington (AFP) – TikTok must become a “US based company controlled by US investors” or will be banned in the United States, Treasury Secretary Steven Mnuchin said Wednesday.Mnuchin’s comments come amid uncertainty over a US-brokered deal to reorganize ownership of the popular Chinese-owned video-sharing app which US officials have called a national security risk.Mnuchin said the deal brokered by the Trump administration to allow Silicon Valley giant Oracle and retail powerhouse Walmart a stake in a new operating entity called TikTok Global is “a great outcome.””If the deal can be closed on o…

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