Read more about Donald Trump seeks TikTok payment to US, despite no clear authority on Business Standard. It would be unprecedented, based on recent history, for the US government to collect a cut of a transaction involving companies in which it doesn’t hold a stake
President repeatedly insisted on Monday that any sale of TikTok’s US operations would have to include a substantial payment to the US — but it wasn’t clear under what authority he can extract a payout. It would be unprecedented, based on recent history, for the US government to collect a cut of a transaction involving in which it doesn’t hold a stake. Trump said the money would come from or an American buyer such as Microsoft Corp. “The United States should get a very large percentage of that price, because we’re making it possible,” Trump told reporters at a news conference Monday evening. “Whatever the number is, it would come from the sale, which nobody else would be thinking out but me, but that’s the way I think. And I think it’s very fair.” Earlier in the day, Trump said will have to close in the US by September 15 — unless there’s a deal to sell the social network’s domestic operations to Microsoft or another American company.
