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Next to the face of President Trump, you can see the logos of the Chinese applications TikTok and WeChat, which he pointed to. Reuters = Yonhap News
US President Donald Trump Americanized the Chinese app TikTok, demonstrating the technology of “ eat a pheasant and eat eggs. ” With the conclusion of this transaction, President Trump is contributing 25,000 new jobs due to the relocation of TikTok headquarters to the United States, the cause of the blocking of the leakage of personal information of 100 million Americans to China, and the contribution from TikTok’s $ 5 billion education fund (approximately 5.81 trillion won). I won the victory. This is the harvest of about six weeks left for the presidential election, which was re-elected.
On the 19th (local time), Oracle announced that it owns a 12.5% stake in the new company TikTok Global. Wal-Mart announced separately that it had agreed to take 7.5%. ByteDance, the parent company of TikTok, based in Beijing, China, owns 80% of the global shares of TikTok, but about 40% of the shares of TikTok are owned by US investment firm Sequoia. .
Thus, Oracle and Wal-Mart argue that “in fact, it is the Americans who have the largest stake.” “We are 100% confident that we will be able to protect the privacy of TikTok users around the world (from China), not just Americans,” said Safra Katz, CEO of Oracle. Katz was a member of Trump’s presidential inauguration committee.
Graphic = Kim Eun-kyo [email protected]
Until the conclusion of the TikTok deal, Trump used a unique ‘roller coaster’ negotiation technique. On the 6th of last month, President Trump signed an executive order to ban Chinese apps such as TikTok in the United States and closed the deadline until the 20th of this month. At the end of the twist, TikTok’s parent company Byte Dance and US midsize companies Oracle and Wal-Mart were locked into a deal, but as the deadline was looming on the 20th, the Trump-style turmoil began.
President Trump told reporters on the 15th that he will soon decide whether to approve a technology alliance between Bitedance and Oracle. However, the next day, the 16th, he changed his words to “I don’t like the TikTok transaction.” On the same day, his henchman, Commerce Secretary Wilbur Ross, told Fox News that “unsurprisingly, downloading TikTok from the United States is prohibited as of the 20th.” For byte dance founder and CEO Zhang Yi-ming, it was a series of harrowing moments that could lose not only 100 million members, but also the US market with a significant ripple effect. In this process, officials from the White House, the Ministry of Finance and the Department of Commerce played a media game by providing information related to the Wall Street Journal (WSJ) and Fox News only.
Cover of Trump’s autobiography, The Art of Deal. The left is the Korean version.
President Trump has also revealed his negotiating skills in his book The Skills of Transactions, which he published as a real estate entrepreneur. In his book, “I am not a player, but I consider and prepare for the worst,” he said. “Never bow down and keep fighting.” “We don’t insist on a single transaction, a method, and even after the transaction is concluded, we mobilize at least five or six methods to promote our work.”
Take care of the economy and get the political justification
The analysis that Trump’s presbytery technology worked this time is dominant. President Trump told reporters at the White House on the 19th that “the security concerns have been resolved” and “Blessed is the deal with TikTok and Oracle.” It is a de facto declaration of victory.
They also took advantage of political achievements. TikTok Global’s headquarters will be located in Texas. For President Trump before the presidential election, Texas is a ‘house rabbit’. Texas is a traditional right-wing garden with Republican presidents like George W. Bush. However, a trend has been detected that votes are shaking recently. In addition, the number of voters assigned to Texas was 38, the second largest after California, with 55. It is a table that Trump cannot lose. This raises the possibility that Texas dominated the gift of job creation.
The $ 5 billion education fund that TikTok has promised is behind the scenes as well. The Bloomberg news agency noted that “$ 5 billion is expected to be used to fund history education the way Trump wants it to be” and “Trump’s meticulous calculations aimed at political purposes.” Trump has argued that “American students are getting a bogus history education” and “we need a patriotic education.” A “Committee of 1776” was also established for this purpose. 1776 is taken from the year the United States declared its independence. Bloomberg predicts that $ 5 billion will be spent on the committee. In fact, Bite Dance only said that “I found out after seeing related reports” on this fund.
The finishing procedure remains. Like the Chinese government approval process. In response to President Trump, China announced that “if it exports artificial intelligence (AI) technology, it must get government approval.” This is the context in which the US Department of Commerce did not cancel the ban on Tik-Tok, but only stated that “the implementation of the deferral measures will be delayed until the 27th.”
Reporter Jeon Sujin [email protected]
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