March 27, 2024

Mnuchin tried to force a sale of TikTok. Now he’s a possible bidder.

Source: The Washington Post

Journalist: Tony Romm

Emily Kilcrease, a former CFIUS coordinator at the Commerce Department, said she could not comment on the TikTok probe. But Kilcrease, who now serves as director of the energy, economics and security program at the Center for a New American Security, a Washington think tank, said the secretary serves in the “most critical position” in the federal review and would “absolutely be involved” in such a “really highly sensitive case.”

CFIUS ultimately recommended in 2020 that the U.S. government unwind the TikTok merger, a decision that — in the words of Mnuchin — federal officials had reached “unanimously.” But the finding came as Trump made clear that he planned to force ByteDance to divest the app through an executive order. That process also largely involved Mnuchin, who engaged in talks with potential buyers including Microsoft, Oracle and Walmart.

Read the full story and more from The Washington Post.


  • Emily Kilcrease

    Senior Fellow and Director, Energy, Economics and Security Program

    Emily Kilcrease is a Senior Fellow and Director of the Energy, Economics, and Security Program at CNAS. Her research focuses on the U.S.-China economic relationship; alignment...