Get all the news you need in your inbox each morning. A White House official who was not authorized to speak publicly on the matter said that as of Wednesday, a deal had been reached that would have spun TikTok’s operations in the United States off into a new company based in America.
TikTok's deadline to sell the app's US operations is looming, and the app that is used by one-third of Americans could be banned.
The White House had finalized a TikTok divestment deal earlier this week before President Donald Trump’s “Liberation Day” tariff rollout flipped the Chinese government’s position on the issue, the Washington Examiner has learned.
The White House was hours away from announcing a proposal this week to spin off the popular video app TikTok when the Chinese government shattered the idea, saying it would not approve of any deal without first discussing President Donald Trump’s tariffs and trade policy,
After promising a deal this week, the president said he needs more time to arrange a sale that prevents a TikTok ban in the United States.
President Donald Trump says he is signing an executive order to keep TikTok running in the U.S. for another 75 days.
President Trump on Friday said he would sign another executive order to delay enforcement of a law that effectively bans TikTok, amid talks about a possible deal to sell the widely popular platform. Mr.
The White House was nearing a TikTok deal, but China hit the brakes after Trump announced wide-ranging tariffs, a source told AP.
China halted a deal this week for the country to divest from TikTok in the United States over President Trump's newest retaliatory tariffs.