Trump announces TikTok deal progress, plans to talk with China this week

President Trump mentioned that the US has ‘virtually’ reached a deal for a corporation to amass Tiktok’s American belongings and is planning to start out China this week with China.

“I believe we are going to begin Monday or Tuesday … speak to China, perhaps President Xi or one in every of his representatives, however we’d have virtually a deal,” Trump mentioned reporters on Air Power One on the best way to his home in Bedminster, New Jersey, Friday.

The deal ought to most likely be accepted by China, Trump mentioned, including that he believes that the settlement would profit each nations.

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President Donald Trump mentioned that the US has ‘virtually’ reached a deal for an American firm to purchase the American belongings from Tiktok and is planning to start out China this week with China. (Reuters/Dado Ruvic/File Picture/Reuters)

“President Xi and I’ve an important relationship, and I believe it is good for them,” he mentioned. “I believe the deal is nice for China, and it is good for us.”

‘Tiktok is again’: Trump teases the way forward for social media app

Throughout an interview with Maria Bartiromo on the “Sunday Morning Futures” of Fox Information final week, the president indicated in the identical manner that he had discovered American patrons for the social media app and described them as “very wealthy individuals”.

“By the best way, now we have a purchaser for Tiktok,” mentioned Trump. “I believe I most likely want China’s approval. I believe President Xi will most likely do it.”

President Donald Trump speaks with reporters on board Air Power One after leaving joint Primary Andrews, Md., On the best way to Bedminster, NJ, July 4, 2025. (Brendan Smialowski / AFP by way of Getty Photographs / Getty photographs)

Final month, Trump prolonged for the third time the deadline for Bytedance, the Chinese language firm that Tiktok has developed to divest American belongings of the app to share movies. Bytedance has till 17 September to search out an American purchaser, based on Reuters.

Apple and Google Restore choice to obtain the Tiktok -app

Earlier this 12 months, the US got here near concluding a cope with Chinese language Tiktok to spin its American actions in a brand new firm owned by American traders, however the Chinese language authorities mentioned it didn’t approve, referring to the charges of the Trump authorities, based on a report.

Chinese language President Xi Jinping and US President Donald Trump attend a hospitable ceremony on November 9, 2017 in Beijing, China. (Thomas Peter/Pool/Getty Photographs/Getty -Photographs)

Tiktok, which has round 170 million energetic month-to-month customers within the US, needed to cease working earlier by January 19. Trump signed an government order when the Deadline for Tiktok expanded for 90 days. A second extension was issued in April and a 3rd get together was signed in June.

The protecting Individuals of the Overseas Opponent Management Purposes Act, adopted by the congress in April 2024 with broad two-part assist, gave Tiktok 9 months to separate from Bytedance or be faraway from the American app shops and internet hosting providers.

When taking the regulation, the congress talked about the priority concerning the Chinese language possession of the app, of which members mentioned that the app had the potential to be armed or used to gather big quantities of consumer information.

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The White Home and Tiktok didn’t instantly reply to Fox Information Digital’s request to remark.