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Trump, TikTok and Crony Capitalism



On Saturday, President Trump gave his blessing to an agreement that would give US investors, including Oracle and Walmart, majority ownership of the Chinese social media app TikTok, while continuing to operate in the United States. Perhaps the agreement will protect national security as the Trump administration claims, but it stinks of corporate cronyism that will damage the US government's credibility and reputation for free market rules.

To rewind the tape: Last month, Trump told the Chinese social media company ByteDance to divest …


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