After receiving backlash over wanting to ban TikTok, Trump said he would allow an American company to purchase the fast content app but with a catch.
On Monday, Trump set a deadline for TikTok to find a buyer in the U.S. to avoid shutting the app down in the U.S. to September 15. Trump also said that the deal wouldn’t happen without the U.S. receiving a “substantial amount of money.”
“Right now they don’t have any rights unless we give it to them. So if we’re going to give them the rights, then … it has to come into this country,” said Trump. “It’s a great asset, but it’s not a great asset in the United States unless they have approval in the United States.”
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