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Trump TikTok sale deadline looms as US looks for deal

World News

04-04-2025 | 11:27

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Trump TikTok sale deadline looms as US looks for deal

China's ByteDance faces a Saturday deadline to sell the U.S. assets of TikTok to a non-Chinese buyer, which was imposed by President Donald Trump in January, or face a ban that was supposed to take effect in January under a 2024 law.

Trump said Thursday his administration is "very close" to reaching a deal on TikTok, with multiple investors involved.

A White House official said Friday "if there is any news to be shared about the future of TikTok, President Trump will announce it at a time of his choosing."

Trump made the comments a day after he announced a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners. China now faces a 54% tariff on goods imported into the U.S.

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