Trump announced progress on the Tiktok deal and will talk to China this week
O’Leary Ventures Chairman Kevin O’Leary and Gristedes CEO John Catsimatidis join “Mornings with Maria” to discuss the latest news on the ban on Tiktok in the US and how Trump’s executive order will affect the economy.
President Trump The US said the company has “almost” contracted to acquire Tiktok’s US assets and is set to begin talks with China this week.
“I think we’ll start on Monday or Tuesday… I’ll talk to China, maybe President XI or one of his representatives, but we’re mostly in the deal,” Trump told Air Force reporters on Friday on his way to his home in Bedminster, New Jersey.
A trade is probably necessary Approved by ChinaTrump added that he believes the agreement will benefit both countries.
President Trump will extend the deadline for banning Tiktok by another 90 days
President Donald Trump said the US has “almost” signed a deal for American companies to buy Tiktok’s US assets and is set to begin talks with China this week. (Reuters/Dad Luvik/File Photo/Reuters)
“President Xi and I have a great relationship, and I think that’s good for them,” he said. “I think this transaction is good for China and that’s good for us.”
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In an interview with Maria Bartiromo last week about Fox News’ Sunday Morning Futures, the president similarly showed he found out. American buyers In the case of social media apps, they are described as “very wealthy people.”
“There’s a buyer In the case of TiktokIncidentally, Trump said. “I think it’s probably necessary to have China’s approval. I think President Xi will probably do that.”
President Donald Trump will be in the Air Force on his way to Bedminster, New Jersey on July 4, 2025, when he left the joint base in Andrews, Maryland, before speaking to reporters. (Brendan Smialowski/AFP via Getty Images)
Last month, Trump extended the third deadline for Bytedance, the Chinese company that developed Tiktok to sell the US assets of its video sharing app. According to Reuters, the ordinance will require American buyers to be found until September 17th.
Apple and Google restore the ability to download Tiktok app
The US signed a deal with China-owned Tiktok earlier this year, contracting its US business with a new company owned by US investors, but the Chinese government said it would not agree. Trump administration tariffsaccording to the report.
Chinese President Xi Jinping and US President Donald Trump will attend a welcoming ceremony held in Beijing, China on November 9, 2017. (Thomas Peter/Pool/Getty Images/Getty Images)
With approximately 170 million active monthly users in the US, Tiktok previously had to halt operations by January 19th. A second extension was issued in April, and a third was signed in June.
Protecting Americans from the foreign hostile application law passed by Congress in April 2024 with widespread bipartisan support gave Tiktok nine months to separate it from the ordinance or be removed from US-based app stores and hosting services.
When passing the law, Congress cited concerns over Chinese ownership of the app. Members said the app could be weaponized or used to accumulate vast amounts of user data.
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The White House and Tiktok did not immediately respond to Fox News Digital’s request for comment.