President Donald Trump announced Tuesday that his administration reached a deal with China to allow the social media platform TikTok to continue operating in the United States.
“We have a deal on TikTok. I’ve reached a deal with China. I’m going to speak to President Xi on Friday to confirm everything up,” Trump told reporters at the White House. “We made a very good, great deal, and I hope good for both countries. But a very different deal than they’ve made in the past.”
Congress passed a law in 2024, while former President Joe Biden was still in office, requiring TikTok to divest from its Chinese-based owner, ByteDance. However, Trump has repeatedly delayed the required shutdown of the app if a deal is not reached, citing its popularity with young Americans.
Trump did not give specific details about the deal on Tuesday before leaving for the United Kingdom, though reports have suggested ByteDance would own less than 20% of the app. The Chinese government would also be unable to access user data, according to Politico.
“We have a group of very big companies that want to buy it,” Trump said about the deal. “And you know, the kids wanted it so badly, I had parents calling me up. They don’t want it for themselves. They want it for their kids. They say, if I don’t get it done, they’re in big trouble with their kids. And I think it’s great.”
“I hate to see value like that thrown out the window,” he added.
TRUMP IS MORALLY AND LEGALLY OBLIGATED TO SHUT DOWN TIKTOK
Trump’s comments come one day after Treasury Secretary Scott Bessent said a “framework” of the deal was established.
The TikTok ban was set to go into effect this week, although Trump’s latest announcement will likely mean a further delay.
Discount Applied Successfully!
Your savings have been added to the cart.