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President Trump backs proposed TikTok deal with Oracle, Walmart

WASHINGTON (AP) --President Donald Trump said Saturday he's given his "blessing" to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese-owned app he's targeted for national security and data privacy concerns.

President Trump said the proposed deal will result in the creation of a company based in Texas and under the control of U.S.-based Oracle and Walmart.

President Trump has been targeting TikTok, a video app popular with younger people, as well as WeChat, another Chinese-owned app.

The dispute over the two apps is the latest flashpoint in the rising tensions between the world's two largest economies.

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Associated Press

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