U.S. Treasury Secretary Steven Mnuchin said on Monday that Chineseowned short video app TikTok cannot continue in its present form collecting data on Americans on a large scale and the Treasury has the tools it needs to remedy the situation.
- Reuters
- Last Updated: August 10, 2020, 7:18 PM IST
WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Monday that Chinese-owned short video app TikTok cannot continue in its present form collecting data on Americans on a large scale and the Treasury has the tools it needs to remedy the situation.
Mnuchin, speaking to CNBC television, said President Donald Trump “has made perfectly clear, it’s not going to continue with this in this form.” Mnuchin declined to comment on Microsoft’s negotiations to purchase TikTok.
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