As the deadline draws near for Chinese tech company ByteDance to sell its popular TikTok video platform to an American company, sources familiar with the negotiations told Fox Business’s Liz Claman that the battle between Microsoft and Oracle is a “race.” tighter horsepower which, at the moment,, Microsoft has by a nose. ”
Director of Trade and Manufacturing Policy Peter Navarro, however, neither confirmed nor denied any new information relating to the negotiations, only telling the “Claman Countdown” on Wednesday that the Trump administration is doing everything in its power to prevent anyone who buys TikTok to hand over data from Americans to the Chinese government.
“The only thing we want to be sure of, and that we will be sure of in this administration, is that whoever buys it will not be able to transfer data from US soil to Chinese servers,” Navarro said. “It’s the complete stop. ”
MICROSOFT CEO SEES TIKTOK AS ‘PRIZE’ AS RACE CLOSES WITH ORACLE
Although Microsoft continues to emerge as the top bidder, the company has recently come under scrutiny for its close relationship with China, which Navarro noted as a major difference from its competitor Oracle in this regard. which concerns national security.
“If you look at Microsoft versus Oracle, I think the only thing that separates the two companies when it comes to national security is that Microsoft has a really big footprint in China. Its software is used by the People’s Liberation Army, by the Chinese Communist Party. . Bing, its Internet server, is the only American there, ”Navarro said. “Oracle, on the other hand, has a solid reputation for really putting a great firewall between its operations and China. “
|MSFT||MICROSOFT CORP.||221,15||+4,68||+ 2,16%|
|ORCL||CORPORATION ORACLE||57,49||+1,40||+ 2,50%|
While Oracle may run TikTok earlier this month, President Trump has not publicly expressed his favoritism for one company over the other, simply that the deal needs to be made with a “very American company.” “.
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Navarro says the administration’s problem with TikTok is a “massive tsunami of data they are collecting from the American people” falling into the wrong hands and less about the app itself.
However, TikTok has repeatedly dismissed the lawsuit and filed a 39-page lawsuit in the U.S. District Court for the Central District of California, claiming that the administration’s order violates free speech and is simply part of it. ‘A “broader campaign of anti-Chinese rhetoric” ahead of the US presidential election on November 3.
They also argue that the White Hosue has presented no tangible evidence of data sharing.
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Navarro’s comments come with just 20 days until the lights go out for TikTok on September 15 if no deal is in place.