Trump Backs Oracle-Walmart Partnership to Keep TikTok Operating in US
President Trump gives his conceptual blessing to a deal allowing TikTok to stay in the US through a partnership with Oracle and Walmart. The agreement promises to make the app entirely US-based and create 25,000 new jobs.
President Donald Trump gives his conceptual blessing to a deal that allows TikTok to continue operating in the United States, averting an imminent shutdown. The agreement involves a partnership with Oracle and Walmart that successfully wins Trump over by promising to make the video-sharing app and its data entirely US-based.
Under the terms of the proposed partnership, Trump claims the new US version of TikTok will have nothing to do with China. He highlights that the deal creates 25,000 new jobs, which serves as a major factor in his support for the arrangement between the tech companies and the popular social media platform.
Additionally, Trump states that Oracle and Walmart plan to establish a $5 billion fund dedicated to educating young Americans, though he does not provide further details about the initiative. The President remains casual about the final outcome, noting that he supports the deal if the companies finalize it, but it is fine if they do not.