President Trump again called for a payment to the U.S. Treasury as part of a deal with TikTok.
Speaking to reporters outside Air Force One before flying to Kenosha, Wisc. on Tuesday, Trump said the U.S. “has to be compensated, well compensated.”
Trump says China has until September 15 to come to a deal on TikTok, and reiterates that the U.S. must be "well-compensated" in any agreement pic.twitter.com/fnfqIz6W9Y
— Bloomberg QuickTake (@QuickTake) September 1, 2020
Trump continues to say the federal government should be paid, though The New York Times reported last month that “no one knows how that’d work.”
Trump is threatening to ban TikTok in the U.S., citing suspicions that its parent company ByteDance is sharing user data with the Chinese government. The Trump administration has set a Sept. 15 deadline for reaching an agreement to continue TikTok’s U.S. operations. Microsoft, Walmart, Oracle, and others are all potential buyers. The reported purchase price is between $20 billion and $30 billion.
The Wall Street Journal reported Tuesday that China’s new export restrictions on AI technology could pose a roadblock on a potential deal, with the app’s core algorithms in question.
