
Trump Administration Set to Receive $10 Billion Fee for TikTok Deal
The Trump administration is reportedly set to receive a $10 billion fee for brokering a deal involving the social media platform TikTok, according to the Wall Street Journal. This payment from TikTok's US investors to the US Treasury is a condition for the app to continue operating in the country.
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Trump administration set to receive $13b fee for brokering TikTok deal, WSJ reports - The Straits Times
Trump administration set to receive $13b fee for brokering TikTok deal, WSJ reports The Straits Times
Read full article →Trump Administration To Receive $10 Billion Fee For TikTok Deal: Report
TikTok's Chinese owner, ByteDance, in January finalised a deal to establish a majority American-owned joint venture that will secure US data, to avoid a US ban on the short video app used by over 200 million Americans.
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