"Our goals are really very straightforward - protecting American information data from ending up in the hands of the Chinese Communist Party. While we are reviewing the proposal trying to evaluate if it can successfully achieve those outcomes - that will be our measure - if it’s the case we will allow private sector entities to move out - to execute a commercial transaction protecting the American people," Pompeo said.
Earlier on Friday, the Commerce Department announced that the United States will start blocking various transactions by TikTok and another Chinese social media application WeChat from this weekend, including their distribution in the country, to enforce executive orders signed by President Donald Trump.
The US software company Oracle is expected to become a "trusted technology provider" for TikTok in an attempt to overcome the restrictions imposed by the US government.