Trump says the US has 'all the cards' on a potential TikTok sale as he doubles down on demand that the government get a 'very big' cut

Tolga Akmen/AFP/Getty Images; Clancy Morgan/Business Insider

• Trump defended his threat to condition the sale of TikTok to an American company on the US government receiving a "very big proportion" of the deal during a press conference Tuesday.
• "We have all the cards, without us you can't come into the United States," Trump said.
• Trump did not elaborate on how he plans to require the companies to pay up or which side the money would come from, but claimed that TikTok and Microsoft — which are in acquisition talks — both agreed that the US should receive a payout.
• Trump threatened to ban the app from operating in the US last month, citing national security concerns, though it's unclear what authority he has to do that.
• China responded by calling the US a "rogue country" and arguing Trump's proposal would be an "open robbery."
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President Donald Trump doubled down on his demand that any sale of TikTok to an American company involve the US government receiving a "very big proportion."

"We have all the cards, without us you can't come into the United States," Trump said during a press conference Tuesday.

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See Also:

• Trump wants the Treasury to get a substantial cut of any TikTok acquisition. China's state media says that would be 'open robbery.'
• This chart shows how a Microsoft acquisition of TikTok for $50 billion would stack up against tech's largest deals ever
• Inside the rise of TikTok, the viral video-sharing app that Trump is trying to order its Chinese parent to sell

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