During a news conference on Monday, President Trump set a deadline for the social media app TikTok to be sold to a U.S. company or risk being shut down.
During a news conference on Monday, President Trump set a deadline for the social media app TikTok to be sold to a U.S. company or risk being shut down.
new video loaded:TikTok Must Be Sold or Risk Being Shutdown, Trump Says
transcript
TikTok Must Be Sold or Risk Being Shutdown, Trump Says
During a news conference on Monday, President Trump set a deadline for the social media app TikTok to be sold to a U.S. company or risk being shut down.
He called me to see whether or not — how I felt about it. And I said, “Look it can’t be controlled for security reasons by China — too big, too invasive, and it can’t be. And here’s the deal: I don’t mind if — whether it’s Microsoft or somebody else, a big company, a secure company, a very, very American company buy it. It’s probably easier to buy the whole thing then to by 30 percent of it. I think buying 30 percent is complicated. And I suggested that he can go ahead. He can try, we set a date — I set a date of around Sept. 15, at which point it’s going to be out of business in the United States. But if somebody, and whether it’s Microsoft or somebody else buys it, that’ll be interesting. If you buy it, whatever the price is that goes to whoever owns it, because I guess it’s China essentially. But more than anything else, I said a very substantial portion of that price is going to have to come into the treasury of the United States because we’re making it possible for this deal to happen.
TikTok Must Be Sold or Risk Being Shutdown, Trump Says
During a news conference on Monday, President Trump set a deadline for the social media app TikTok to be sold to a U.S. company or risk being shut down.
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