President Trump said he would meet with President Xi Jinping next month in South Korea. Mr. Xi said he welcomes a TikTok deal that would benefit both sides.
As President Trump extended for a fourth time a deadline to determine TikTok’s future in the United States, details of an agreement to address concerns about the app began to emerge.
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.
The short-form video app has until mid-September to change its ownership structure or face a ban in the United States, after a number of deadline extensions from President Trump.