{"id":2199071,"date":"2024-03-14T12:30:02","date_gmt":"2024-03-14T16:30:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-trump-secretary-says-hes-assembling-group-to-buy-tiktok\/"},"modified":"2024-03-14T12:31:43","modified_gmt":"2024-03-14T16:31:43","slug":"former-trump-secretary-says-hes-assembling-group-to-buy-tiktok","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-trump-secretary-says-hes-assembling-group-to-buy-tiktok\/","title":{"rendered":"Ex-Trump Official Gathers Team for TikTok Acquisition Bid"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fformer-trump-secretary-says-hes-assembling-group-to-buy-tiktok%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2199071&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<figure><figcaption>\n<p>      Steven Mnuchin (Getty Images)<br \/>\n    \u2064<br \/>\n    <\/figcaption><\/figure>\n<\/div>\n<div>\n<h2>Steven Mnuchin \u2062Eyes TikTok \u2062Amid U.S. National\u200c Security Concerns<\/h2>\n<p>\n    <b>Former Treasury Secretary Steven Mnuchin<\/b>, who served under the Trump administration, has made \u2064headlines by announcing his intent to lead an investor group\u2064 in the \u200bpursuit of\u2063 purchasing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/taylor-swift-drake-other-artists-could-be-removed-from-tiktok-over-compensation\/\" title=\"Taylor Swift, Drake, and other artists may face removal from TikTok due to compensation issues\">wildly popular social media platform<\/a>, TikTok, <b>in the\u200d midst of legislative discussions over national security concerns<\/b>.<br \/>\n \u200d\n  <\/p>\n<h3>Mnuchin&#8217;s Bullish Stance on\u200d the TikTok Opportunity<\/h3>\n<blockquote>\n<p>    &#8220;I think\u200c the legislation should pass, and I think [TikTok] \u2064 should\u2064 be sold. It\u2019s a <b>great business<\/b>, and \u200bI\u2019m going to put together a group to\u200d buy TikTok,&#8221; Mnuchin declared on CNBC. He insists, &#8220;This\u200b should be owned by U.S. businesses. There\u2019s no way that the Chinese would ever let a U.S. company own something like this in China.&#8221;\n  <\/p><\/blockquote>\n<h3>The Legislative Landscape<\/h3>\n<p>    \u200c  \u2063 The news \u200dfrom Mnuchin comes <b>hot \u2064on\u2064 the heels of a significant move by the House<\/b>, \u2062where <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wednesday-september-15th-2021\/\" title=\"Wednesday | September 15th, 2021\">lawmakers recently passed<\/a> the\u200b <em>Protecting Americans from Foreign Adversary\u2062 Controlled Applications Act<\/em>.\u2063 This bill \u2062signals a potential total ban of TikTok in the\u200b U.S. unless\u200b ByteDance, its \u200cChinese owner, sells the app within a 165-day \u2064period. &#8220;We\u2064 are glad to see this bill move\u200c forward. \u2062We will look to the Senate\u2063 to take swift action,&#8221; said Karine Jean-Pierre, President\u200d Joe Biden\u2019s press secretary,\u2063 endorsing the bill&#8217;s progression.<br \/>\n\u200d  \u200c\n  <\/p>\n<h3>China&#8217;s Response to U.S. Legislative \u200cActions<\/h3>\n<p>    Wang Wenbin, China\u2019s Ministry of Foreign Affairs spokesman, criticized the\u2064 House bill, stressing\u200b that such measures are &#8220;<b>at odds with the principles of fair competition and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-commerce-secretary-arrives-in-beijing-as-ccp-struggles-to-save-its-economy\/\" title=\"US Commerce Secretary arrives in Beijing amidst CCP's economic struggles.\">international\u200b trade rules<\/a><\/b>,&#8221; suggesting the U.S.&#8217;s actions are akin to systemic theft.\n  <\/p>\n<h3>TikTok&#8217;s Checkered Perception in the U.S.<\/h3>\n<ul>\n<li>U.S. officials have cast a \u2064wary\u200b eye towards TikTok, linking it\u200c to potential <b>privacy and \u200cnational security risks<\/b> \u2063 because of its alleged connections to the Chinese Communist Party.<\/li>\n<li>In\u2062 a move underscored by tension, TikTok&#8217;s CEO Shou Chew faced a grilling \u200cby officials in a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/female-draft-presidential-war-power-repeals-set-to-be-scrapped-from-defense-bill\/\" title=\"Female Draft, Presidential War Power Repeals Set To Be Scrapped From Defense Bill\">congressional hearing earlier<\/a> this year, spotlighting the platform&#8217;s controversial operational linkages.<\/li>\n<li>A flashback to \u20632020 reveals former President Donald\u200c Trump&#8217;s attempt at mandated divestiture\u2063 from\u200b ByteDance,\u200c punctuated by his belief in the presence of \u2064&#8221;<b>credible evidence<\/b>&#8221; of a threat \u200dto national \u2062security\u2014a move which eventually stumbled in the courts.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Trump Treasury Secretary Steven Mnuchin is forming an investor group to purchase TikTok amid potential app bans by the US government. He supports the legislation for the sale<\/p>\n","protected":false},"author":2807,"featured_media":2199072,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2018\/10\/GettyImages-1003981390-1-e1540326148127.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2199071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2018\/10\/GettyImages-1003981390-1-e1540326148127.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2199071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2807"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2199071"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2199071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2199072"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2199071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2199071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2199071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}