UPDATE 1-White House says unclear whether U.S. gov't will get cut of TikTok sale [Reuters]
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Source: Reuters
UPDATE 1-White House says unclear whether U.S. gov't will get cut of TikTok sale (Recasts with White House comment on U.S. cut of TikTok sale) By Andrea Shalal and David Shepardson WASHINGTON, Aug 4 (Reuters) - White House officials on Tuesday could not say how the U.S. government would receive a portion of the proceeds from any sale of TikTok’s U.S. operations, one day after President Donald Trump called for a cut of the money. “There’s no specific blueprint here,” White House economic adviser Larry Kudlow said on Fox Business Network on Tuesday. “It may be that the president was thinking, because the Treasury has had to do so much work on this, there are a lot of options here. I’m not sure it’s a specific concept that will be followed through....Regarding fees or anything like that, all that remains to be seen.” White House spokeswoman Kayleigh McEnany, speaking to reporters at a separate briefing, also gave no other details and said she did not want to get ahead of Trump on the iss
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