President Donald Trump repeatedly insisted on Monday that any sale of TikTok’s US operations would have to include a substantial payment to the US -- but it wasn’t clear under what authority he can extract a payout.
It would be unprecedented, based on recent history, for the US government to collect a cut of a transaction involving companies in which it doesn’t hold a stake. Trump said the money would come from China or an American buyer such as Microsoft Corp.
“The United States should get a very large percentage of that price, because we’re making it possible,” Trump told reporters at