Battle between business elites and MAGA for ideological and media influence: escalating confrontation between entrepreneurs and conservatives in the Republican Party strengthens Donald Trump’s dominance

On January 19, 2025, Donald Trump spoke at his first major rally since winning the presidential election in Washington, DC. At his pre-inauguration event, the Republican leader announced the main foreign policy, security, economic, cultural, tariff, and mining initiatives of the future administration.

Part of the new President’s speech was devoted to the specifics of the future operation of the Chinese video-hosting service TikTok in the United States. Trump announced that TikTok would become a joint venture in which American businesses own 50% of the shares.

With this approach, Donald Trump is simultaneously allowing the Chinese social network to continue operating in the United States and putting pressure on ByteDance, the owner of this media resource.

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