The software-giant set a September 15 as a deadline for concluding talks with TikTok's owners and is also looking to acquire the app's operations in Canada, Australia, and New Zealand. The company said it expects those talks to conclude by September 15.
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".
Microsoft, in its blog post yesterday, said that it would offer "world-class security, privacy and digital safety protections" for TikTok users.
It's an abrupt reversal from Friday when Trump announced plans to ban TikTok in the USA out concerns that its Chinese parent company, ByteDance, could share private data on Americans with the Chinese government, allegations the companies deny. "For example, we recently learned a retail store partnered with DeepCam LLC - a company with links to China and its authoritarian government - secretly to deploy facial recognition technology at hundreds of locations, collecting information on countless Americans", they wrote.
Adding that the brand name is "hot" right now, Trump said, "It's a great asset, but it's not a great asset in the United States unless they have the approval of the United States".
Trump's comments confirmed a Reuters report Sunday that he had agreed to give China's ByteDance 45 days to negotiate a sale of TikTok to Microsoft. Financial terms were undisclosed.
The president also said he wants the deal to benefit the US Treasury.
The United States' "bullying" of Chinese tech companies was a effect 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. "Everybody agrees it can't exist as it does", Mnuchin said Sunday on ABC's "This Week".
Trump also said the sale of TikTok's USA business would have to result in a significant payout to the U.S. Treasury for initiating it.
Microsoft Corp said on Monday it was in talks with ByteDance to buy parts of TikTok. Its parent company, Bytedance Ltd., launched TikTok in 2017. "While we remain deeply concerned with TikTok, such concerns extend beyond the popular short-form video app". "The operating model for the service would be built to ensure transparency to users as well as appropriate security oversight by governments in these countries". With TikTok in China, it's subject to Chinese Communist Party laws that may require handing over data to their government'. "Would it be useful to have a rule if you sell it that it maybe Microsoft could divest its Chinese holdings and then we ...more comfortable?" he said. "Those are the issues that President Trump has made clear we're going to take care of", Pompeo said. "I think buying 30% is complicated".
The US's "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 paper said in an editorial. The Trump administration has ordered that the US stop buying equipment from those providers to be used in USA networks.