During an interview on Fox News, US President Donald Trump stated that a group of wealthy individuals is prepared to take TikTok off China's hands. However, the deal requires approval from the Chinese government.
Investor Group and China's Approval Needed
Trump did not name specific buyers but claimed he would reveal their identities 'in about two weeks.' He emphasized that the deal is waiting for the Chinese government's approval and expressed confidence that President Xi Jinping 'will probably do it.'
Previous Deal Stalled by Tariffs
A deal was nearly completed earlier this year that would have turned TikTok’s US operations into a new company based entirely in the US. However, after Trump imposed steep tariffs on Chinese imports, China refused to approve the plan. Trump noted that the lack of a response from Beijing indicated that the deal was not moving forward.
TikTok's Influence on Young Voters
Trump also mentioned that TikTok played a significant role in boosting his support among young voters during the last election. He believes that the app increased his numbers in 2024.
The situation with TikTok continues to be closely monitored, especially concerning approval from China. Developments over the coming weeks may significantly impact the American market and political relations with China.
