Treasury Secretary Warns That TikTok Deal Must ‘Satisfy All Requirements’ of U.S. Government
U.S. Treasury Secretary Steven Mnuchin continued his tough rhetoric against short-form video app TikTok this week, telling a gathering that the deal between the company, Oracle, and Walmart has to hit certain specific security benchmarks or it will be roundly rejected by the government.
Mnuchin made his remarks earlier this week during a CNBC investor conference.
“All of the code will have to be in the United States. Oracle will be responsible for rebuilding the code, sanitizing the code, making sure it’s safe in their cloud, and …it’ll satisfy all of our requirements,” Mnuchin said.
TikTok received a bit of a reprieve on Sunday when a federal court issued a preliminary injunction against an executive order issued by President Donald Trump on Aug. 6 and a follow-up order from the Commerce Department seeking a removal of the app from the Apple App Store for iOS and Google Play for Android devices.
The deal between TikTok and others is still being ironed out and requires the approval of the U.S. and Chinese governments before it is “official.”
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