TikTok Deal: US Government Seeks Billions

HereS a summary ⁢of the⁣ key points from the provided text:

* Trump’s Deal with Chip Companies: Donald Trump reportedly brokered an agreement with Nvidia and AMD where they will pay 15% of their chip sales revenue in China to the US government in exchange for export licenses.
* High Rate Concerns: This 15% rate is significantly higher than typical investment bank fees ‍(under 1%) and is unusual for national security approvals or export licenses. Some experts even consider it possibly illegal.
* ⁢ TikTok Deal ⁣& potential Revenue: Trump is also pursuing a deal with TikTok,potentially involving the US government receiving billions of dollars ⁢as ‍part of the agreement. He justified this with the size of the government’s effort.
* TikTok Structure Agreement: US Treasury Secretary scott Bessent and Chinese deputy HE Lifeng reached⁣ an agreement on the structure to separate⁣ tiktok operations from Bytedance. Details are still unreleased.
* Expanding Government Influence: ⁢ Trump is showing a pattern of seeking increased influence over the private sector, which is causing concern among some Republicans. The “golden action” in the US Steel acquisition by Nippon Steel is⁢ cited as an example.
* Other News: The text also includes brief ⁣mentions of TikTok notifying parents ‍about teen content ‍and an AI avatar of someone advertising supplements on TikTok.