Trump Says U.S. Must Be ‘Well Compensated’ in TikTok Deal By Bloomberg

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© Bloomberg. The TikTok logo is displayed on a smartphone in this arranged photograph in London, U.K., on Monday, Aug. 3, 2020. TikTok has become a flash point among rising U.S.-China tensions in recent months as U.S. politicians raised concerns that parent company ByteDance Ltd. could be compelled to hand over American users’ data to Beijing or use the app to influence the 165 million Americans, and more than 2 billion users globally, who have downloaded it. Photographer: Hollie Adams/Bloomberg

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(Bloomberg) — President Donald Trump said he’s told people involved in the sale of TikTok’s U.S. assets that it must be completed by Sept. 15 and the federal government must be “well compensated,” or the service will be shut down within the country.

“I told them they have until Sept. 15 to make a deal — after that we close it up in this country,” Trump told reporters before boarding Air Force One for a trip to Kenosha, Wisconsin. “I said the United States has to be compensated, well compensated.”

©2020 Bloomberg L.P.

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