Trump flips on TikTok, urges big U.S. sales cut

Video Credit: Reuters - Politics
Published on August 3, 2020 - Duration: 01:38s

Trump flips on TikTok, urges big U.S. sales cut

[NFA] Just a few days after President Donald Trump said he was considering banning China's TikTok in the United States, Trump reversed course on Monday, saying the U.S. should receive a "substantial portion" of the sales price.

Gavino Garay has more.

Advertisement

Trump flips on TikTok, urges big U.S. sales cut

U.S. President Donald Trump abruptly reversed course on TikTok on Monday... Just a few days after he said he was planning on banning the China-owned video app in the U.S, Trump on Monday said the U.S. government should get a "substantial" cut of the sales price of the U.S. operations of the company.

He warned he will ban the service in the United States on September 15 without a sale.

TikTok is valued at about $50 billion, according to some investors.

TRUMP: "I did say that if you buy it, whatever the price is that goes to whoever owns it, because I guess it's China essentially … 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." It was not clear how the U.S. government would receive part of the purchase price.

Trump's comments confirmed a Reuters report Sunday that he had agreed to give China's ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft.

U.S. officials have said TikTok poses a national security risk because of the personal data it handles.

You are here


💡 One News Page Knowledge: Other News Mentions

Donald Trump

45th president of the United States
The White House chief of staff said Trump's tweets about the Russia probe this month "were not self-executing declassification orders."
Credit: CBS News - Published 1 hour ago

United States President Donald Trump's sprawling political operation has raised well over US$1 billion ($1.5b) since he took the White House in 2017 — and set..
1 hour ago • New Zealand Herald
Democrats on the House Oversight and Reform Committee are trying to enforce a 2019 subpoena of President Trump's financial records from his accounting firm.
Credit: CBS News - Published 2 hours ago

Melania Trump is nixing a planned appearance at a Pennsylvania campaign rally for President Trump due to a cough in the wake of her...
2 hours ago • WorldNews
"I know what my father believes in," Trump said during the event. "Prior to politics, he supported gays, lesbians, the LGBQIA+ community."
Credit: USATODAY.com - Published 2 hours ago


TikTok

Video-sharing application
Illustration by Alex Castro / The Verge

Pakistan has lifted its ban on TikTok, just 10 days after blocking the app on the grounds that it hosted..
1 day ago • The Verge
Image: 420doggface208 / TikTok

Fleetwood Mac’s Rumours is a top 10 album this week — more than four decades after its release — thanks to a..
1 day ago • The Verge
Illustration by Alex Castro / The Verge

TikTok has been removing the accounts of users who share QAnon-related content on the platform, NPR reported,..
1 day ago • The Verge
TikTok creators have been making anti-Trump videos without disclosing they were paid for.
Credit: BBC News - Published 2 days ago

It's that time of the year again -- Halloween, of course -- which means the Pipers are dusting off their witch hats to ring in the holiday ... with a 2020 twist,..
Credit: TMZ.com - Published 2 days ago


ByteDance

Chinese multinational internet technology company
Illustration by Alex Castro / The Verge

TikTok’s chief security officer says in new court documents that the US Commerce Department has..
5 days ago • The Verge

Microsoft

American technology company
Amazon’s Luna streaming service has arrived, with the company rolling out early access to a limited set of customers today. It’s starting with a library of..
13 minutes ago • The Verge
Microsoft is releasing its Windows 10 October 2020 Update to over a billion users today. Much like last year, this second Windows 10 update of 2020 is more of a..
Credit: The Verge - Published 3 hours ago

Windows running on Chrome OS.

Google is bringing Windows app support to Chromebooks today through a partnership with Parallels. First announced..
3 hours ago • The Verge
Image: Microsoft

The Xbox Series X and Series S consoles are less than a month away from release, and ahead of launch, Microsoft is announcing that..
4 hours ago • The Verge
Microsoft’s portable data center. | Image: Microsoft

Microsoft has created a portable data center to bring cloud computing to remote environments...
4 hours ago • The Verge

Related videos from verified sources

Trump Campaign Joins TikTok Competitor Triller 00:45
Video credit: Cover Video STUDIO - Published on August 20, 2020 

Trump Gives TikTok New Deadline 00:25
Video credit: Wochit Entertainment - Published on August 17, 2020 

ByteDance to Fight Back Against Trump Administration Security Threat Claims 02:54
Video credit: Cheddar Inc. - Published on August 13, 2020 

You might like