“As far as TikTok is concerned we’re banning them from the United States,” Trump noted aboard Air Force One as he returned to Washington after a fundraising trip to Florida, NBC News reported.
Trump described the action as "severance" and said he could sign an order as soon as Saturday.
“Well, I have that authority," he added.
"I can do it with an executive order or that,” Trump stated, referring to emergency economic powers.
A Spokesperson for TikTok said in a statement that the app is a job creator committed to the privacy of its 100 million users in the United States.
"We've hired nearly 1,000 people to our US team this year alone, and are proud to be hiring another 10,000 employees into great paying jobs across the US," the spokesperson continued, adding, "Our $1 billion creator fund supports US creators who are building livelihoods from our platform."
"TikTok US user data is stored in the US, with strict controls on employee access," the statement said, adding, "TikTok's biggest investors come from the US. We are committed to protecting our users' privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform."
The American Civil Liberties Union tweeted that Trump's plan was "a danger to free expression".
The American president announced he didn't support a deal involving TikTok and Microsoft, as on Friday reports emerged that Microsoft was in talks to buy the app from its owner, ByteDance.
The White House has ramped up its concerns about the popular video-sharing app in recent weeks over its ownership by ByteDance, a Chinese company.
“We’re looking at TikTok," Trump said earlier Friday, adding, "We may be banning TikTok. We may be doing some others things.”
Trump told reporters at the White House Friday morning, “We are looking at a lot of alternatives with respect to TikTok.”
Since November, the Committee on Foreign Investment in the United States, which investigates foreign acquisitions of US properties for potential national security threats, has been looking into ByteDance’s 2017 acquisition of Musical.ly, the Chinese-owned lip-syncing app it merged with TikTok.
Earlier this month, Larry Kudlow, Trump's top economic adviser, said he had been informed the eventual buyer “will be a one hundred percent American company”.
TikTok has repeatedly claimed to be an independent company, free of China’s influence or demands for rights to domestic companies’ data. But on Wednesday, Wang Wenbin, a Spokesperson for China’s Ministry of Foreign Affairs, indicated China views TikTok as a domestic company.
Trump and members of his administration have repeatedly stated that China should be punished for its role in allowing the coronavirus to spread to the US. Banning TikTok could be part of that retaliation, Secretary of State Mike Pompeo noted earlier this month.
“With respect to Chinese apps on peoples’ cellphones, the United States will get this one right,” he told Fox News in early July.
“While we do not comment on rumors or speculation, we are confident in the long-term success of TikTok,” TikTok Spokesperson Ashley Nash-Hahn said, adding, "Hundreds of millions of people come to TikTok for entertainment and connection, including our community of creators and artists who are building livelihoods from the platform."