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.
Two bombs exploded near a hotel in Damascus where French President Emmanuel Macron had spent the night, but his office said he did not hear the explos...
Mourners are paying their respects to the late Iranian Supreme Leader Ali Khamenei, as his funeral ceremonies move to Qom in north-central Iran. ...
Chinese and Russian warships have begun their annual Joint Sea-2026 naval exercise in the Yellow Sea, before a planned joint patrol in the Pacific Oce...
Two bombs exploded near a hotel in Damascus where French President Emmanuel Macron had spent the night, but his office said he did not hear the explosions and was on his way to meet Syrian President Ahmed al-Sharaa at the time.
Mourners are paying their respects to the late Iranian Supreme Leader Ali Khamenei, as his funeral ceremonies move to Qom in north-central Iran.
Thousands of revellers have packed the streets of Pamplona as the world-famous San Fermín Festival officially got under way, marking the start of nine days of celebrations that culminate in the iconic running of the bulls.
Ramzan Kadyrov has been left off the ruling United Russia party's election list for Chechnya for the first time since 2007, fuelling fresh speculation about his political future and succession plans.
The death toll from Venezuela's devastating twin earthquakes has risen to 3,342, according to the country's information ministry, as rescue teams continue searching affected areas and survivors face an uncertain recovery.
Mourners are paying their respects to the late Iranian Supreme Leader Ali Khamenei, as his funeral ceremonies move to Qom in north-central Iran.
Mexico's national football team has returned luxury Rolex watches gifted by American content creator Stevewilldoit after concerns that they could conflict with FIFA's ethics rules.
Christian Dior has secured one of fashion's most coveted celebrity endorsements after both Taylor Swift and Travis Kelce wore custom haute couture designs by creative director Jonathan Anderson for their wedding in New York.
Massive crowds are gathering in the streets of Tehran on Monday for the funeral procession of Iran's slain former supreme leader, Ali Khamenei, as part of a week-long farewell. His son and designated successor, Mojtaba Khamenei, has yet to make a public appearance.
Chinese and Russian warships have begun their annual Joint Sea-2026 naval exercise in the Yellow Sea, before a planned joint patrol in the Pacific Ocean.
Ramzan Kadyrov has been left off the ruling United Russia party's election list for Chechnya for the first time since 2007, fuelling fresh speculation about his political future and succession plans.
At least 11 people have been killed after two tornadoes swept through central China's Hubei province, causing widespread damage as the country braces for more extreme weather in the coming days.
Wildfires have taken a hold in southern Europe as the European Union sends four rescEU water bombing aircraft and more than 100 firefighters from Cyprus and Sweden to help tackle the blazes across France and Portugal. The EU is set to send more to at least 14 European countries.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 7th of July, covering the latest developments you need to know.
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