President Trump Approves TikTok Deal, Imposes H1B Visa Fee
CBS New YorkOctober 5, 20251 min1,125 views
5 connections·9 entities in this video→TikTok Deal with China
- 🤝 President Trump reportedly has inked a TikTok deal with China, which he stated was approved by President Xi.
- 🇺🇸 The deal stipulates that TikTok will be majority owned by Americans in the United States, with seven board seats, six of which will be held by Americans.
- 🔒 Data and privacy will be managed by Oracle, and the algorithm will be controlled by America.
H1B Visa Fee Impact
- 💸 President Trump signed a declaration imposing an annual $100,000 fee on H1B visa applications.
- 📉 This move is part of efforts to restrict immigration and is expected to impact the US tech industry, affecting companies like Google and Amazon.
- 🧑💻 These companies rely heavily on workers from India and China, who will be affected by the new fee.
Other News
- ✈️ The announcement comes as the president prepares to travel to Arizona for Charlie Kirk's funeral.
- 🏟️ The funeral is scheduled to take place at State Farm Stadium.
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TikTokH1B VisaDonald TrumpUS Tech IndustryOracleImmigration PolicyChinaData PrivacyAlgorithm ControlCharlie Kirk Funeral
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