Trump says TikTok will be banned Sept. 15

A ban may be prevented if the app is bought by Microsoft and a deal is worked out with the Treasury Department, he said.
2:27 | 08/03/20

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Transcript for Trump says TikTok will be banned Sept. 15
Are great conversation. Called me. To see whether or not. How I felt about it and others. It can't be controlled for security reasons but China too big to. Invasive and it can't be. And here's the deal. I don't mind if whether Microsoft or somebody else and big companies that secure company very. Very American companies buy it. It's probably easier to by the whole thing and about 30%. Possessing heading into 30% Tuesday to get the name the name is. The brand has. And who's gonna get the name and he do that it is owned by two different companies. My personal opinion was you're probably better off buying the whole thing rather than buying 30%. I think by 30% is complicated. And I suggested that he can go ahead he can try we set a date I said to date of around September 15. At which point it's going to be out of business in the United States. But if somebody. Whether it's. Microsoft or somebody else does it that'll be interesting I did say that. If you buy it. Whatever the price is that goes to whoever owns and because I guess it's China. Essentially what more than anything else I sent a very substantial portion that price is gonna have to come into the treasury of the United States. Because will make it impossible for this deal to happen right now that are revenue rights. Unless we give it to them 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. Without a lease. The tenant has nothing. So they pay what's cookie 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 don't have anything. At least having to do with a 30%. So. And told him that. I think we're going to have. Maybe deal is going to be makes a great asset. Great asset but he's done a great asset in the united states of us they have. The approval of the United States so who closed down on September 15 unless Microsoft or somebody else is able to buy it. And work out a deal an appropriate deal so the treasury of these. Really treasury again she would stay in the United States gets a lot of money. A lot of money.

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

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