Trump Says He Found Buyers for TikTok MHM NEWS

Trump Says He Found Buyers for TikTok

Transcript

00:00Trump says he found buyers for TikTok US President Donald Trump said yesterday,

00:12Sunday, in an interview aired on Fox News, that he has found buyers for the popular video-sharing

00:18platform TikTok. He described those buyers as very wealthy, and he stated that he would reveal

00:23their identities in approximately two weeks. Dear viewers, if you like this news, please like it

00:29and share your comments in the comment box. He made these remarks in an interview on Fox News,

00:35Sunday Morning Futures with Maria Bartiromo. He said that the deal he is crafting will likely

00:40need China's approval to move forward. He also believes that Chinese President Xi Jinping will

00:45approve it. Earlier this month, US President Donald Trump extended the deadline for China-based Byte

00:51Dance, the owner of TikTok, to sell the video-sharing platform's US assets until September 17th.

00:58This marks the third time Trump has extended the deadline. A deal was being worked on this spring.

01:04Under the agreement, TikTok's US branch was to be transformed into a new US company. Its ownership

01:10and operation would have been in the hands of US investors. But after Trump announced high tariffs

01:15on Chinese goods, China stated that it would not approve it. As a result, that deal was suspended.

01:21According to a 2024 US law, if Byte Dance does not sell TikTok's US ownership or fails to show

01:28sufficient progress on the sale, TikTok will have to cease its operations by January 19th of this year.

01:35Trump believes that TikTok played a role in increasing his popularity among young voters

01:40in last November's presidential election.