Trump Announces Upcoming Talks with China on TikTok Deal
U.S. President Donald Trump stated on Friday that talks with China regarding a possible TikTok deal will begin early next week, with discussions likely on Monday or Tuesday.
Summary:
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Trump said the U.S. “pretty much” has a deal for the sale of TikTok’s U.S. operations.
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The talks could involve Chinese President Xi Jinping or his representatives.
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Last month, Trump extended the deadline for ByteDance, TikTok’s China-based parent company, to divest its U.S. assets to September 17.
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Earlier plans to spin off TikTok’s U.S. operations into a majority U.S.-owned company stalled after China indicated it might not approve the deal amid escalating U.S.-China tariff tensions.
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Trump expressed cautious optimism about the deal being approved by China, citing a positive personal relationship with President Xi.
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He emphasized that the deal would be beneficial for both countries.
