J6 Obsessive Dismisses a Presidential Assassination Attempt; Maine's Platner Is Now a Demo...
Humans. Americans. Let Everyone Be Treated Equally.
Detransitioner Asks IBM Shareholders to Stop Funding Trans Surgeries for Minors
Future GOP Presidential Nominees Must Endure Severe Storms
What About Earth’s Threatened and Endangered People?
You Are on Your Own in America's Progressive Cities
Biden’s Ill-Advised Rule Against Critical Minerals Mining Is Finally Gone
Socialist Cognitive Dissonance: Our Revolution Endorses Billionaire Tom Steyer for Califor...
The Social Media Age Is Over, but America Can Still Lead on Tech
Has Iran’s Ceasefire Become a Green Light for Repression?
Desperate Families Here and Abroad Show They Need Government Support, Not Resistance
Fake Iranian Opposition – Wolves in Different Wolves' Clothes
Wait, the Biden Administration Did What to Christians?
Trump Says the U.S. Will Be Taking Over Cuba 'Almost Immediately'
Feds Seize $2M From Pasadena Wound Clinic Accused of Defrauding Medicare for Fake...
Tipsheet

Trump, Bessent Tease Big Announcement About TikTok Deal

Trump, Bessent Tease Big Announcement About TikTok Deal
AP Photo/Kiichiro Sato, File

President Trump on Monday suggested a potential TikTok deal had been reached that would make young people “very happy!”

"The big Trade Meeting in Europe between The United States of America, and China,  has gone VERY WELL!" he wrote on Truth Social. "It will be concluding shortly. A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!"

Advertisement

Elaborating further, Treasury Secretary Scott Bessent said a "framework" for a TikTok deal is in place and it should be completed during Friday’s meeting between Trump and President Xi Jinping. 

“It’s between two private parties, but the commercial terms have been agreed upon,” he said, reports CNBC.

Bessent indicated that the framework could pivot the platform to a U.S.-controlled ownership.

The comments came during the latest round of trade discussions between the U.S. and China. Relations have soured between the two countries in recent months from Trump’s tariffs and other trade restrictions.

At the same time, the U.S. faces a Sept. 17 deadline to either divest TikTok’s U.S. business or shut down the social media app in the country.

Congress passed a law last year prohibiting app store operators like Apple and Google from distributing TikTok in the U.S. due to its “foreign adversary-controlled application” status.

But Trump postponed the shutdown in January, signing an executive order in January that gave ByteDance 75 more days to make a deal. Further extensions came by way of executive orders in April and in June. (CNBC)

Advertisement

Related:

TIKTOK

Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.  

Help us continue to report on President Trump's successes. Join Townhall VIP and use promo code FIGHT to get 60% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement