Trump says the AT&T-Time Warner deal is 'not good for the country'

Reuters / Carlo Allegri

The hits keep coming for AT&T's proposed acquisition of Time Warner.

President Donald Trump spoke to reporters on the White House lawn on Tuesday afternoon, saying that the deal is "not good for the country."

His comments come a day after the US Department of Justice sued to block AT&T's $84.5 billion takeover of Time Warner.

"Personally, I always felt that was a deal that's not good for the country," said Trump, who also said, "I'm not going to get involved - it's litigation."

The statements echo comments Trump made on the campaign trail back in October 2016, when he said a successful deal would result in "too much concentration of power in the hands of too few."

This story is developing. Check back for more details.