Speaking to reporters on Air Force One, the president said, “As for TikTok, we are banning them from the United States. ”
He did not specify how he intended to achieve what he described as “severance pay”, but he could do so through executive action as early as this weekend.
“Well, I have that authority. I can do it with a decree or whatever, ”he said.
These comments are the latest in the administration’s increasingly belligerent tone towards China and its tech companies.
They came after Mr Trump signed an order forcing Beijing-based owner ByteDance to sell the U.S. part of the TikTok social network over national security concerns, according to a Washington Post report.
Microsoft is believed to be in the lead in acquiring US service for the platform but would not comment.
TikTok said, “While we do not comment on rumors or speculation, we are confident in the long term success of TikTok. ”
ByteDance launched TikTok in 2017 as a competitor to Facebook and Snap, and its popularity has grown in popularity, reaching two billion downloads in April.
But the company’s rise to prominence – as well as the deterioration in U.S.-China relations – has prompted the U.S. government to take a close look.
The United States has long accused China of intellectual property theft that costs billions of dollars and thousands of jobs, which Beijing denies.
The other main concern is national security, with US Secretary of State Mike Pompeo having previously described state-backed Chinese technology companies as “Chinese intelligence Trojans.”
US military personnel have also been discouraged from using Chinese technology due to security concerns.