Trump Nears TikTok Deal: A Turning Point in U.S.-China Tech Relations
President Donald Trump revealed that the U.S. is nearing a deal with China to transfer TikTok ownership to American firms. An extension on Chinese ownership divestiture may be granted. Trump plans to discuss details with China's President Xi Jinping after signing an executive order delaying enforcement until December 16.
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- United Kingdom
President Donald Trump announced that the United States is close to finalizing a deal with China that would transfer the ownership of the popular social media platform TikTok to U.S. companies. The potential agreement comes amid ongoing discussions aimed at ensuring American control over the app's operations.
In a press conference held alongside British Prime Minister Keir Starmer, Trump suggested that extending the deadline for divestiture could be on the table, provided that it is based on current favorable conditions. "We're pretty close to a deal," he stated, hinting at an extension that aligns with existing terms.
The President plans to discuss TikTok's future with Chinese President Xi Jinping on Friday, following Trump's recent executive order that delays enforcement of a 2024 law. This law demands the divestiture of Chinese ownership of TikTok, but enforcement has now been postponed until December 16.
Google News