Neither President Trump nor Chinese officials indicated any new developments for the popular video app. Treasury Secretary Scott Bessent previously suggested they could “consummate” transfer of control from its Chinese owner.
Neither President Trump nor Chinese officials indicated any new developments for the popular video app. Treasury Secretary Scott Bessent previously suggested they could “consummate” transfer of control from its Chinese owner.
Earlier efforts to find a new, non-Chinese owner for the popular video app fell apart. A federal law that cites national security issues requires TikTok owner ByteDance to sell it or face a ban.
Trump administration officials say they have the framework of a deal to save the popular video app. It had until Sept. 17 to be sold by its Chinese owner, ByteDance, or face a ban in the United States.
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