Donald Trump: US Treasury should get cut of TikTok deal

Posted on AllSides August 4th, 2020
From The Center
business, TikTok, Donald Trump, US Treasury, sale price, Microsoft

Donald Trump says the government should get a cut from the sale of TikTok's US unit if an American firm buys it.

The US president said he made a demand for a "substantial portion" of the purchase price in a phone call at the weekend with Microsoft's boss.

He also warned he will ban the app, which is owned by China's ByteDance, on 15 September if there is no deal.

ByteDance is under pressure to sell its US business after Mr Trump threatened a crackdown on Chinese tech companies.

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