President Donald Trump told reporters during Wednesday’s coronavirus press briefing that he is not prepared to sign off on the proposed Oracle-TikTok partnership as he has not yet reviewed the terms.
The president further indicated that if public reporting regarding the deal is true — specifically the provision where TikTok’s parent company would retain a majority stake in the partnership — he could block the deal.
WASHINGTON, DC – SEPTEMBER 16: U.S. President Donald J. Trump speaks to the press during a news conference in the James Brady Press Briefing Room of the White House on September 16, 2020 in Washington, DC. Trump continues to trail challenger Joe Biden in the polls with the election less than two months away. (Photo by Alex Wong/Getty Images)
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“No I’m not prepared to sign off on