President Trump stated the USA has “pretty much” reached a deal for a corporation to amass the U.S. belongings of TikTok and plans to start talks with China this week.
“I think we’re going to start Monday or Tuesday … talking to China, perhaps President Xi or one of his representatives, but we would, we pretty much have a deal,” Trump advised reporters on Air Power One on his technique to his dwelling in Bedminster, New Jersey, Friday.
The deal would possible should be accepted by China, Trump stated, including he believes the settlement would profit each nations.
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President Donald Trump stated the USA has “pretty much” reached a deal for an American firm to buy the U.S. belongings of TikTok and plans to start talks with China this coming week. (Reuters/Dado Ruvic/File Picture / Reuters)
“President Xi and I have a great relationship, and I think it’s good for them,” he stated. “I think the deal is good for China, and it’s good for us.”
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“We have a buyer for TikTok, by the way,” Trump stated. “I think I’ll need probably China’s approval. I think President Xi will probably do it.”
President Donald Trump speaks to reporters aboard Air Power One after departing Joint Base Andrews, Md., on his technique to Bedminster, N.J., July 4, 2025. (Brendan Smialowski/AFP by way of Getty Photos / Getty Photos)
Final month, Trump prolonged the deadline for the third time for ByteDance, the Chinese language firm that developed TikTok, to divest U.S. belongings of the video-sharing app. ByteDance has till Sept. 17 to seek out an American purchaser, in response to Reuters.
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The U.S. got here shut earlier this 12 months to creating a cope with Chinese language-owned TikTok to spin off its U.S. operations into a brand new firm owned by U.S. traders, however the Chinese language authorities stated it wouldn’t conform to it, citing the Trump administration’s tariffs, in response to a report.
Chinese language President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony Nov. 9, 2017, in Beijing, China. (Thomas Peter/Pool/Getty Photos / Getty Photos)
TikTok, which has round 170 million energetic month-to-month customers within the U.S., was beforehand required to cease working by Jan. 19. Trump signed an govt order on the time extending the deadline for TikTok for one more 90 days. A second extension was issued in April and a 3rd was signed in June.
The Defending People from Overseas Adversary Managed Functions Act, handed by Congress in April 2024 with extensive bipartisan assist, gave TikTok 9 months to both separate from ByteDance or be faraway from U.S.-based app shops and internet hosting companies.
In passing the legislation, Congress cited considerations over the app’s Chinese language possession, which members stated meant the app had the potential to be weaponized or used to amass huge quantities of person information.
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