Trump says U.S. has a purchaser for TikTok

President Donald Trump stated on Tuesday (September 16, 2025) that the U.S. and China have a deal that can hold the short-video app TikTok working within the United States, transferring its U.S. belongings to U.S. homeowners from China’s ByteDance, probably resolving a saga that has lingered for almost a yr.

A deal on the favored social media app, which counts 170 million U.S. customers, stands as a breakthrough in months-long talks between the world’s No. 1 and No. 2 economies which have sought to defuse a wide-ranging commerce warfare that has unnerved international markets.

Mr. Trump didn’t announce specifics of the deal. Any settlement might require approval by the Republican-controlled Congress, which handed a legislation in 2024 in the course of the Biden Administration that required divestiture on account of fears that TikTok’s U.S. consumer information could possibly be accessed by the Chinese authorities, permitting Beijing to spy on Americans or conduct affect operations by the app.

The Trump administration has repeatedly declined to implement a legislation requiring the app to close down on account of worries it might anger the app’s tens of millions of customers and disrupt political communications, as an alternative extending the divestiture deadline on three separate events. Mr. Trump has credited the app with serving to him win re-election final yr, and his private account has 15 million followers. The White House launched an official TikTok account final month.

CNBC reported on Tuesday that the deal is anticipated to be closed throughout the subsequent 30 to 45 days, and that the settlement will embrace current buyers in TikTok’s China-based mother or father ByteDance and new buyers. Reuters has not independently verified that report.

A deal had been within the works within the spring. It would have spun off TikTok’s U.S. operations into a brand new U.S.-based agency, majority-owned and operated by U.S. buyers, however was placed on maintain after China indicated it might not approve it following Trump’s bulletins of steep tariffs on Chinese items.