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Trump Admits U.S. Government Can't Actually Profit Off TikTok's Sale to An American Company

1 day ago   |   By Politicus USA

During a press conference earlier today, President Donald Trump admitted the United States government can't actually profit off the sale of popular video app TikTok to an American company. The president had previously claimed that the Treasury Department would receive a “very big” payment in the event of a deal wherein the Chinese-owned TikTok or...
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Trump admits there's no 'legal path' for TikTok to pay the US government as part of a sale to an American company

Trump admits there's no 'legal path' for TikTok to pay the US government as part of a sale to an American company

1 day ago   |   By Business Insider

Summary List Placement
President Donald Trump said Wednesday that the US government is not allowed to accept money as part of a proposed deal between TikTok and an American buyer.
"Amazingly, I find that you're not allowed to do that, you're not allowed to accept money," Trump told reporters during a press conference. "If they're willing to make big payments to the government they're not allowed because there's no way of doing that, there's no legal path to doing that."
Trump had previously claimed that he would require the US Treasury Department to receive a "very big" payment as a...
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