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US-China tensions

Trump gives Oracle blessing as potential TikTok buyer

President says he canceled China trade talks to check on 'phase one' progress

Oracle co-founder and Chairman Larry Ellison is known as a rare Trump supporter among Silicon Valley chieftains.   © Reuters

NEW YORK -- U.S. President Donald Trump said Tuesday that he could see Oracle, "a great company," take over local operations of Chinese social media app TikTok, which has less than a month to find an American buyer or else "close shop."

"I think that Oracle would be certainly somebody that could handle it," Trump said ahead of a rally in Yuma, Arizona, after calling the enterprise software company's co-founder and Chairman Larry Ellison a "tremendous guy."

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