US President Donald Trump gave popular Chinese-owned video app TikTok six weeks to sell its US operations to an American company, saying Monday it would be
“It’s got to be an American company… it’s got to be owned here,” Trump said. “We don’t want to have any problem with security.”
Whatever the price is, he said, “the United States should get a very large percentage of that price because we’re making it possible.” But Trump also threw a surprise new condition in any deal, saying the sale of TikTok’s US business would have to result in a significant payout to the US Treasury for initiating it.“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,” Trump told reporters.
Shutting down could force users to switch to competitors, and many content creators are already encouraging followers to follow them on other social media platforms. “We have always been committed to ensuring user data security, as well as the platform neutrality and transparency,” Zhang said.
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