President Donald Trump said on Tuesday that the U.S. and China have a deal that would keep TikTok operating in the United States, transferring its U.S. assets to U.S. owners from China's ByteDance, potentially resolving a saga that has lingered for nearly a year.
A deal over TikTok, with its 170 million U.S. users, marks a breakthrough in long-running U.S.-China talks aimed at easing trade tensions.
"We have a deal on TikTok ... We have a group of very big companies that want to buy it," Trump said, without giving details.
He praised the agreement as a win for both countries, saying it would safeguard "tens of billions of dollars of value".
The agreement still requires approval by Congress, which passed a 2024 law demanding ByteDance divest due to security fears.
Although Trump’s administration delayed enforcement three times, he has credited TikTok with boosting his re-election, and the White House recently launched its own account.
The deal was previously stalled when China resisted during U.S. tariff hikes, but this week officials from both countries reached a framework agreement. A final confirmation is expected Friday during a Trump-Xi call.
Other interested buyers included former Dodgers owner Frank McCourt, a startup led by the OnlyFans founder, and Amazon. Analysts value TikTok at up to $50 billion.
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President of Azerbaijan Ilham Aliyev gave a speech in Tashkent on 16 November at the 7th Consultative Meeting of Central Asian leaders, where regional heads of state gathered to discuss cooperation and Azerbaijan’s expanding role in the format.
President of the Republic of Azerbaijan Ilham Aliyev is taking part in the at the 7th Consultative Meeting of Central Asian leaders, which is being held in Tashkent, the capital of Uzbekistan.
Britain’s Interior Minister Shabana Mahmood has announced sweeping reforms to the UK’s asylum and immigration system, signalling a significant shift away from automatic paths to permanent residency for refugees.
Thousands of people across Mexico took to the streets on Saturday under the rallying cry of “Generation Z,” demanding an end to rising violence and expressing outrage over the killing of Uruapan Mayor Carlos Manzo earlier this month.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
Japan urged China on Saturday to take "appropriate measures" after Beijing issued a warning to its citizens against travelling to Japan, amid an ongoing dispute over Taiwan.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
Iran has strongly rejected as “unfounded and irresponsible” a joint statement by the foreign ministers of the Group of Seven (G7) about Tehran’s nuclear program and its alleged support of Russia in the war with Ukraine.
A ministerial meeting was held in the capital of Georgia, Tbilisi, for the implementation of the Agreement on Strategic Partnership in the Development and Transmission of Green Energy between Azerbaijan, Georgia, Hungary, and Romania.
Thousands of people across Mexico took to the streets on Saturday under the rallying cry of “Generation Z,” demanding an end to rising violence and expressing outrage over the killing of Uruapan Mayor Carlos Manzo earlier this month.
Britain’s Interior Minister Shabana Mahmood has announced sweeping reforms to the UK’s asylum and immigration system, signalling a significant shift away from automatic paths to permanent residency for refugees.
Ukraine will begin importing gas from Greece to help meet its winter needs, President Volodymyr Zelenskyy announced on Sunday, saying the country is preparing nearly €2 billion in financing to compensate for domestic production losses caused by Russian strikes.
Ukraine is working to restart prisoner exchanges with Russia, with officials hoping to secure the release of 1,200 Ukrainians, President Volodymyr Zelenskyy and the head of the country’s National Security and Defence Council have announced.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
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