Sunday, 15 March, 2026
Trump Defends $10 Billion TikTok "Transaction Fee" as Fair Deal for America
By Isha
President Trump has confirmed that new investors in TikTok’s U.S. operations will pay a $10 billion fee to the U.S. Treasury, calling it a "fee plus" for the government’s role in brokering the deal. Critics have labeled the massive payment as unprecedented, noting it represents nearly 70% of the company’s current valuation. The administration maintains the fee is necessary to compensate taxpayers.
Read full story at The Verge