Trump’s demand isn’t specifically authorised in the law that governs US reviews of foreign acquisitions of American companies, according to lawyers who specialise in such investigations. — AFP
US President Donald Trump insists that any sale of the TikTok video app include a cut for the federal government, yet that demand has baffled policy experts and lawyers who say such a payment would stretch his authority under US law.
The fee has emerged as an unusual sideshow in the administration’s effort to pressure China’s ByteDance Ltd to sell TikTok’s US operations to an American owner over national security concerns. Since calling for the sale last month, Trump has repeatedly said he would like the US to be "well compensated” from the transaction.
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