U.S. President Donald Trump is set to discuss a potential TikTok agreement with China this week. He mentioned that the United States has essentially reached a deal for the sale of the TikTok short-video app. Trump shared this information with reporters while onboard Air Force One, heading to Trump National Golf Club Bedminster, New Jersey on Independence Day. The deal involves spinning off TikTok’s U.S. operations into a new U.S.-based company, predominantly owned and managed by American investors. This arrangement was in progress earlier in the year but was paused after China expressed reluctance following Trump’s announcement of significant tariffs on Chinese products. Despite uncertainties about China’s agreement to the deal, Trump expressed optimism due to his positive relationship with President Xi and the potential benefits for both countries. Trump also extended the deadline for a TikTok ban in the U.S., allowing the platform to continue operations for an additional 90 days until September 17. Additionally, Trump disclosed that a group of affluent individuals had been identified as potential buyers for TikTok, pending China’s approval. For more current updates on the TikTok situation, stay informed with the latest news.
