Trump told Microsoft he wants a “substantial portion” of any purchase price it pays for TikTok. China Daily, a state-owned newspaper, wrote in an editorial that “China will by no means accept the ‘theft’ of a Chinese technology company, and it has plenty of ways to respond if the administration carries out its planned smash and grab.” (BBC)

Talking point: Microsoft isn’t just looking to pick up TikTok’s U.S. assets. The firm wants to acquire TikTok’s assets in Australia, New Zealand and Canada. Public Safety Minister Bill Blair’s office did not directly respond to The Logic’s questions on whether the federal government has had any discussions with Microsoft, TikTok or the U.S. government about the potential sale. “Our government continues to work in close collaboration with agencies and leaders in the technology sector,” press secretary Mary-Liz Power told The Logic. It’s not just state-owned media pressuring TikTok in China. On Tuesday, Chinese foreign ministry spokesperson Wang Wenbin said the U.S. was engaging in “outright bullying.” Beijing also said it would retaliate if Washington continues to withhold visa renewals from Chinese journalists in the U.S., none of which have been approved since May.