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TikTok officially ‘under review’ by US foreign investment watchdog

Courier Mail 2020-07-30 07:17:00

US President Donald Trump will receive a recommendation this week on whether to ban the viral video app TikTok following a review by the country’s foreign investment scrutineer.

Treasury Secretary Steven Mnuchin confirmed on Wednesday that the app was under a national security review by the Committee on Foreign Investment in the United States (CFIUS).

The Committee has been investigating TikTok’s Beijing-based parent company ByteDance and its acquisition of former rival platform Musical.ly.

media_cameraUS President Donald Trump told press, ‘We’re looking at TikTok,’ as he boarded a plane to Texas on Wednesday. Picture: Nicholas Kamm/AFP

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