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Trump Insists on Compensation for U.S. in Any TikTok Sale

  • President also reiterates Sept. 15 deadline to strike a deal
  • White House has explored collecting fees from sale of TikTok
Bloomberg business news
WATCH: President Trump says a deal for TikTok must be struck by Sept. 15.Source: Bloomberg)
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President Donald Trump said he’s told people involved in the sale of the U.S. assets of ByteDance Ltd.’s TikTok that the deal must be struck by Sept. 15 and the federal government must be “well compensated,” or the service will be shut down.

“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.”