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US-China tensions

Trump: US should receive 'substantial portion' of TikTok sale

President open to Microsoft buy, but deal must happen by Sept. 15

U.S. President Donald Trump is seen with Vice President Mike Pence in the Cabinet Room of the White House on Aug. 3.   © Reuters

WASHINGTON (Reuters) -- U.S. President Donald Trump said Monday the U.S. government should get a "substantial portion" of the sales price of the U.S. operations of TikTok and warned he will ban the service in the United States on September 15 without a sale.

The turnaround came after Trump Friday he said he was planning to ban the Chinese-owned video app's U.S. operations as soon as Saturday after dismissing a possible sale to Microsoft.

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