Summary
President Trump announced a deal with China that permits TikTok to keep operating in the U.S. The agreement involves reducing the Chinese ownership stake in TikTok to less than 20%. Critics have raised concerns about political influences and privacy issues related to the app.
Key Facts
- President Trump announced a plan allowing TikTok to continue in the U.S. under certain conditions.
- Trump set a December 16 deadline for TikTok's parent company, ByteDance, to reduce its ownership or face a ban.
- The deal reportedly limits China's ownership in TikTok to under 20%.
- Trump claimed the app was important for winning young voters in the presidential election.
- There is concern TikTok could be used for Chinese spying or propaganda.
- The Chinese government's newspaper, People’s Daily, described the deal as cooperative and beneficial.
- Some experts criticized the deal-making process, calling it inconsistent with legislative rules on the matter.
- TikTok has over 170 million users in the U.S., making its future a significant issue for many.
