Donald Trump Says TikTok Deal Nearly Done, Will Talk to China This Week [WATCH]

President Donald Trump said the United States has “pretty much” finalized a deal for the U.S. assets of TikTok to be acquired by an American company and confirmed that discussions with Chinese officials, including potentially President Xi Jinping, will begin this week.

Speaking to reporters aboard Air Force One Friday as he traveled to his home in Bedminster, New Jersey, President Trump said, “I think we’re going to start Monday or Tuesday … talking to China, perhaps President Xi or one of his representatives, but we would, we pretty much have a deal.”

According to the president, the proposed agreement would still require approval from the Chinese government. Trump expressed optimism about the outcome, suggesting the deal could be mutually beneficial.

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“President Xi and I have a great relationship, and I think it’s good for them,” Trump said.

“I think the deal is good for China, and it’s good for us.”

The remarks follow previous comments made by the president during an interview on Fox News’ Sunday Morning Futures with Maria Bartiromo, where he indicated that a group of wealthy American investors were lined up to purchase TikTok’s U.S. operations.

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“We have a buyer for TikTok, by the way,” Trump said during that interview. “I think I’ll need probably China’s approval. I think President Xi will probably do it.”

Trump: We have a buyer for TikTok, by the way.

Bartiromo:: Who’s the buyer.

Trump: I’ll tell you in about two weeks. pic.twitter.com/CvQqRA8Yj0

— Acyn (@Acyn) June 29, 2025

TikTok, owned by the Beijing-based company ByteDance, has faced ongoing scrutiny in the U.S. over concerns that its Chinese ownership could pose national security risks.

The app currently has approximately 170 million active monthly users in the United States.

In response to bipartisan pressure in Congress, Trump signed a series of executive orders beginning in January 2024 requiring TikTok to divest its U.S. operations or face removal from U.S. app stores.

The initial deadline for compliance was January 19, 2024, but the administration granted three extensions, with the most recent deadline now set for September 17.

The latest extension was part of an executive order signed in June following earlier delays in April and January.

Earlier this year, efforts to spin off TikTok’s U.S. operations into a separate company owned by American investors reportedly stalled due to resistance from the Chinese government.

A report indicated that Beijing objected to the arrangement, citing ongoing U.S. tariffs imposed by the Trump administration.

The legislative push to force ByteDance to sell TikTok’s American assets culminated in the Protecting Americans from Foreign Adversary Controlled Applications Act, passed by Congress in April 2024.

The law received broad bipartisan support and gave ByteDance a nine-month deadline to divest or face a ban in the U.S. market.

Lawmakers cited the app’s foreign ownership and potential national security risks, warning that TikTok could be used by the Chinese government for surveillance or influence operations, or to collect data on American users.

The outcome of the ongoing negotiations and potential approval by the Chinese government will determine whether TikTok remains available in the United States past the September deadline.

As of now, no official buyer has been publicly named, and the details of the agreement have not been released.

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