Video app TikTok cannot continue in present form\, says US Treasury chief

Video app TikTok cannot continue in present form, says US Treasury chief

US Treasury Secretary Steven Mnuchin said the Treasury has the tools it needs to remedy the situation

Topics
TikTok | United States | Donald Trump

Reuters  |  Washington 

TikTok
Mnuchin, speaking to CNBC television, said President Donald Trump "has made perfectly clear, it's not going to continue with this in this form." Photo: Shutterstock

US Treasury Secretary said on Monday that Chinese-owned short video app cannot continue in its present form collecting data on Americans on a large scale and the Treasury has the tools it needs to remedy the situation.

Mnuchin, speaking to CNBC television, said President "has made perfectly clear, it's not going to continue with this in this form." Mnuchin declined to comment on Microsoft's negotiations to purchase

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First Published: Mon, August 10 2020. 20:15 IST