Trump also said the federal government will have to be paid a "substantial amount of money" as part of any deal.
On Sunday, Microsoft said it was in talks with ByteDance to acquire the USA rights to the business. Over the weekend, Microsoft confirmed it was working on a deal that would have ByteDance divest itself of TikTok and sell it off to Microsoft, thus severing it from China and potentially resolving the suspicions of a national security threat.
Amidst all the controversy and beyond Trump's aggressive technology protectionism, there is one strategic point which observers are failing to note in regard to disdain for TikTok, that is the challenge the application poses to America's global allied surveillance and data sharing network commonly known as "The Five Eyes" (FVEY). Microsoft has focused mainly on enterprise software for the past decade, though it does own professional networking site LinkedIn. If the sale goes through, it would resolve the tensions surrounding TikTok after President Trump saying he would work to ban the popular app in the U.S.
In a Monday afternoon press conference, Trump added: "Whether it's Microsoft, or somebody else, the Chinese, what the price is, the United States should get a very large percentage of that price because we're making it possible".
The White House didn't immediately comment on the Microsoft statement. "It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury".
It was not clear how the USA government would receive part of the purchase price.
Microsoft confirmed Sunday it's in talks with Chinese company ByteDance to acquire the USA arm of its popular video app TikTok. Meanwhile, Energy and Commerce Committee Republican Leader Greg Walden, House Minority Whip Steve Scalise and Consumer Protection and Commerce Subcommittee Republican Leader Cathy McMorris Rodgers wrote to Secretary of State Mike Pompeo requesting a classified briefing on TikTok and other technology companies with alleged ties to the Chinese Communist Party.
The United States' "bullying" of Chinese tech companies was a outcome of Washington's zero-sum vision of "American first" and left China no choice but "submission or mortal combat in the tech realm", the state-backed paper said in an editorial.
White House advisor Peter Navarro on Monday said in a pair of interviews with CNN and Fox News that he wasn't sure Microsoft was the right company to buy TikTok's US operations, saying it had helped China construct its internet firewall. Some congressional aides are anxious about a backlash by younger voters against the party if Trump banned TikTok, which has 100 million American users.
U.S. Senate Democratic leader Chuck Schumer also backed the sale, while a senior White House adviser raised concerns about a sale to Microsoft.
The president also is insisting the U.S. Treasury should get a cut of the sale price for allowing the company to operate in the U.S. Mr Navarro said in an interview with CNN. "Maybe Microsoft could divest its Chinese holdings?" "My personal opinion was they would be better off buying the whole thing rather than buying 30% of it", Trump said.
ByteDance has said it does not share user data with the government of China and maintains it stores Americans' user data only in the United States and Singapore.