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 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...
At least 13 people have been injured in two shootings in Minneapolis within 12 hours, police said.
The Israeli army has begun a large-scale ground offensive in Gaza City as part of “Operation Gideon’s Chariot 2,” the military said.
Russian President Vladimir Putin flew to the Nizhny Novgorod region on Tuesday to observe joint Russian-Belarusian military drills, state television reported.
Romanian prosecutors sent Calin Georgescu, the pro-Russian far-right frontrunner in last year's cancelled presidential election, to trial on Tuesday on charges of attempting to disrupt national security.
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At least 13 people have been injured in two shootings in Minneapolis within 12 hours, police said.
The Israeli army has begun a large-scale ground offensive in Gaza City as part of “Operation Gideon’s Chariot 2,” the military said.
U.S. President Donald Trump said on Tuesday the leader of Australia, Prime Minister Anthony Albanese, would be coming for a visit to see him soon.
Russian President Vladimir Putin flew to the Nizhny Novgorod region on Tuesday to observe joint Russian-Belarusian military drills, state television reported.
Romanian prosecutors sent Calin Georgescu, the pro-Russian far-right frontrunner in last year's cancelled presidential election, to trial on Tuesday on charges of attempting to disrupt national security.
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