US President Donald Trump said on Friday he would sue the BBC for up to $5 billion, after the British broadcaster apologized but said it would not pay damages for a misleading speech edit.

The broadcaster has rejected Trump's legal defamation claim, but the president appears determined not to let the matter rest, even after the departure of top BBC executives and as the controversy threatens to become a strain on ties with London.

"We'll sue them for anywhere between a billion and five billion dollars, probably some time next week. I think I have to do it. They've even admitted that they cheated," Trump told reporters aboard Air Force One.

Trump earlier said he would sue the BBC for $1 billion, an already enormous sum that represents 13 percent of the organization's annual revenue. It i

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