White House economic adviser Larry Kudlow said on Wednesday President Donald Trump wants to deny China some of the proceeds from the sale of ByteDance’s U.S. operations of its videosharing app TikTok, but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury.
- Reuters
- Last Updated: August 20, 2020, 1:30 AM IST
“Well he’s said that,” Kudlow said I an interview with CNBC when asked about Trump’s demand that part of the proceeds from the TikTok sale he has ordered go to the U.S. Treasury. “I acknowledge that it’s unusual. The president has his own mind on some of these things,” Kudlow said.
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