President Donald Trump says he is allowing Microsoft to purchase the U.S. assets of the popular Beijing-based TikTok social media video sharing app, in a sale Trump personally is forcing.
In discussing what he sees as the broad portions of an agreement the President used a real estate term to openly solicit the payment that would have to be made to the U.S. Treasury.
“I said a very substantial portion of that price is going to have to come into the U.S. Treasury of the United States, because we’re making it possible for this deal to happen,” Trump told reporters Monday afternoon. Continue reading.