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Home / Mike Norman Economics / Sputnik — Trump: Oracle, Walmart Will Have Total Control of TikTok or US Won’t Approve Deal

Sputnik — Trump: Oracle, Walmart Will Have Total Control of TikTok or US Won’t Approve Deal

Summary:
Deal on. Deal off. Trump hardens the US position.China won't approve of any deal that cedes the tech or mugs ByteDance anyway (See below). The Chinese are supersensitive to what they perceive as humiliation.So the US coalition would have to buy just the shell to get control. That would mean immediately replacing the software.Let's see who blinks. I don't think it will be the Chinese government ("CCP"), which would be OK with TikTok being shut down in the US.Sputnik InternationalTrump: Oracle, Walmart Will Have Total Control of TikTok or US Won't Approve Deal also Zero HedgeBeijing Reportedly Plans To Kill Oracle-TikTok DealTyler rdenDu

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Deal on. Deal off. Trump hardens the US position.

China won't approve of any deal that cedes the tech or mugs ByteDance anyway (See below). The Chinese are supersensitive to what they perceive as humiliation.

So the US coalition would have to buy just the shell to get control. That would mean immediately replacing the software.

Let's see who blinks. I don't think it will be the Chinese government ("CCP"), which would be OK with TikTok being shut down in the US.

Sputnik International
Trump: Oracle, Walmart Will Have Total Control of TikTok or US Won't Approve Deal

also

Zero Hedge
Beijing Reportedly Plans To Kill Oracle-TikTok Deal
Tyler rdenDu
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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