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July 29, 2020 02:45 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/924Zf94syjU/us-treasury-to-make-recommendation-on-tiktok-to-trump-this-week
US Treasury To Make Recommendation on TikTok To Trump This Week
U.S. Treasury Secretary Steve Mnuchin said on Wednesday that popular Chinese-owned video-sharing app TikTok was under a national security review and that his agency would make a recommendation to the president on the app this week. From a report: The Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks and is led by Treasury, is looking at TikTok, Mnuchin told reporters at the White House. The committee has the power to force companies to unwind deals or put in place measures to protect U.S. national security. "TikTok is under CFIUS review. We will be making a recommendation to the president this week so we have lots of alternatives," he said.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/924Zf94syjU/us-treasury-to-make-recommendation-on-tiktok-to-trump-this-week
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