President Trump gave the go-ahead for Microsoft to pursue an acquisition of TikTok, in his first public comments about the popular Chinese-owned video app after he had threatened to ban it from the United States entirely.
Speaking at the White House on Monday, Mr. Trump said that TikTok would shut down on Sept. 15 unless Microsoft or another company purchased it. He added that the U.S. Treasury Department would need to receive a lot of money in return for the deal, without explaining how that would work.
His comments indicated at least a temporary reprieve for TikTok, which has come under scrutiny in Washington for its Chinese ownership. Trump administration officials and lawmakers of both parties have argued that the app, which is known for dance videos and other fun viral clips, could pose a national security threat by potentially giving the Chinese government access to vast quantities of American user data.
Donald Trump bans TikTok and wants a 'substantial portion' of any TikTok sale pic.twitter.com/jijsoIoc9Y
— The Sun (@TheSun) August 4, 2020