Unusual for US Treasury to get cut of any TikTok sale, says White House aide Larry Kudlow

//Unusual for US Treasury to get cut of any TikTok sale, says White House aide Larry Kudlow

Unusual for US Treasury to get cut of any TikTok sale, says White House aide Larry Kudlow

President Donald Trump wants to deny China some of the proceeds from the sale of ByteDance’s US operations of its video-sharing app TikTok, White House economic adviser Larry Kudlow said on Wednesday, but it would be unusual for any company that acquires TikTok to provide funds to the US Treasury.“Well he’s said that,” Kudlow told CNBC when asked about Trump’s demand that part of the proceeds from the TikTok sale he has ordered go to the US Treasury.“I acknowledge that it’s unusual. The…

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By | 2020-08-19T22:20:22+00:00 August 19th, 2020|Technology|Comments Off on Unusual for US Treasury to get cut of any TikTok sale, says White House aide Larry Kudlow