President Trump takes on TikTok

ABC News’ Rebecca Jarvis discusses President Donald Trump’s push to have TikTok banned in the U.S. if it isn’t sold to Microsoft or another company in the coming weeks.
3:41 | 08/04/20

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Transcript for President Trump takes on TikTok
President trump has threatened to band of the Chinese own video streaming app tick tock gave it's not thought by September 15. Mike of had been in talks to by the company's American operations but the president said the deal could be easier. If Microsoft bought the entire company instead he then suggested that the company should pay the US treasury as part of the deal. I said a very substantial portion that price is gonna have to come into the treasury of the United States. Because what make it impossible for this deal to happen right now they don't have a new rights. Unless we given to him so we're gonna give them the rights then it has to come into it has to come into this country it's a little bit like the landlord tenant. Yeah without a lease. Lieutenant has nothing. So they pay what's called key money they pay something but. The United States should be reimbursed or should be paid a substantial amount of money because without the United States they don't have anything. At least having to do with the 30%. Or so. I told them that. So now is bring in the woman who knows all tells all sees all in the world of the economy and finance ABC's Rebecca Jarvis joins us now with more. Rebecca some call that extortion. Is that accurate. Well I think would be its. How things are done in this country we always review deals the regulators always take a look at deals whether there done between US companies or US companies and Ford and t.'s. And there's no exchange of money. Because regulators say yes to the deal they're all are often times benefits. That ultimately come in down the road so for example. If you are Microsoft in your purchasing tick tock tick tock is. Primarily housed overseas and you bring all of those people to the United States and you employ more people. You ultimately will pay more tax revenue to the US treasury annual employ more people. But as part of the deal it's self. There is no precedent Lindsay for somebody quarry company paying the US government money because they say yes of the deal. The larger debate over a deal for tick tock revolves around Chinese control of the happen and security issues that could present so how elements thread is that and what a deal by Microsoft solved that problem. We'll Lindsey think about the fact that there are a hundred million users of tick tock here in the United States. Bite dance which is the company that owns tick tock is Chinese company and the Chinese Government under there are lock can turn to any Chinese. Based company and say give us the data on those individuals now. We don't know whether that's ever happened we don't know for example whether they could take propaganda and shove it down the throats of tic tac users we know how active tic tac users are in the United States. We know that a lot of them are highly opinionated and share those opinions widely and that's. For all we know are very capable of sharing those opinions without having any repercussions. But it's something to think about in the longer term about our relationship with China. As we continue down this happened especially as we think about questions around privacy it's not just a question by the way about privacy for Chinese companies imposing here in the United States it's also a question that we've yet to fully answer about our own companies that are based here in the US. That have access to huge amounts of data ash and use that data to their advantage. We'll leave it it's an important conversation that we need to be thinking about. Microsoft in owning tick tock if they eventually do will be another player in this world of Google and FaceBook and Amazon and apple. And these are gigantic companies Lindsay with outsized impact on both how we live our lives and also even how the stock market performs. Rebecca Jarvis thanks so much.

This transcript has been automatically generated and may not be 100% accurate.

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