China Markets politics

‘Gangster Extortion’: China Mounts Media Blitz Against Trump’s TikTok Deal

"What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair business deal on a legitimate company", one of Beijing's Party mouthpiece media outlets said Wednesday. Sure, that's propaganda, but it's also true. For weeks, I've humorously described Donald Trump's demands for a finder's fee in the ByteDance/Oracle deal as "Bonanno-style extortion". It's not clear whether the president has any conception of how bizarre his "request" that the US get a payment from TikTok's buyer really is. Trump sees the world strictly in transactional terms, and while he's no real mafioso, he has managed to turn the Oval Office into the opening scene of The Godfather, minus the cat. "Amazingly I find that you’re not allowed to do that”, the president mused last week, after someone (probably Steve Mnuchin) told him that demanding Oracle and Walmart pay the Treasury to do a deal with ByteDance is illegal. “I said, ‘What kind of a thing is this?’ There’s no way of doing that from a — there’s no legal path to do that". The jury is still out on the fate of the TikTok tie-up and rhetoric out of China Wednesday suggests Beijing is losing
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5 comments on “‘Gangster Extortion’: China Mounts Media Blitz Against Trump’s TikTok Deal

  1. joesailboat says:

    Coming after U.N. comments from both sides is meaningful.

  2. mfn says:

    Looking more like Trump will back down and punt on TikTok until after the election. The last thing he can afford to do at this stage is alienate x number of voting-age users of the video-sharing platform.

  3. John3D says:

    As far as I know, all governments are in the main business of propaganda. The sooner citizens recognize this the sooner we can clean up our messes.

    • dayjob says:

      Sadly, our government’s propaganda has been outsourced to Fox News. I still have trouble wrapping my head around the fact that our president’s primary source of information is a cable “news” channel.

  4. Jesse says:

    Perhaps instead of paying money directly to the WH, Oracle de Mexico SA could receive a transfer payment to be used for building a border wall with the US, thus closing out another of the president’s earlier election pledges.

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