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  • 7/7/2025
President Donald Trump said the U.S. will begin negotiations with China as early as Monday or Tuesday on a potential deal involving TikTok. He stated, “We pretty much have a deal,” according to a Reuters report. Trump extended the deadline for TikTok’s parent company, ByteDance, to divest U.S. assets to September 17th, marking the third extension since his return to office. The deal requires China’s approval, as TikTok has become a key issue in ongoing U.S.-China trade negotiations. Trump said he’s not confident but optimistic that China will agree to the deal, citing his strong relationship with President Xi and mutual benefits. The potential deal arises amid heightened U.S.-China tensions, with TikTok under scrutiny in the U.S. over concerns about data privacy and national security. The outcome could reshape TikTok’s presence in the U.S. and impact future Chinese tech operations and trade talks.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump said the U.S. will begin negotiations with China as early as Monday or
00:06Tuesday on a potential deal involving TikTok. He stated, we pretty much have a deal,
00:12according to a Reuters report. Trump extended the deadline for TikTok's parent company,
00:16ByteDance, to divest U.S. assets to September 17th, marking the third extension since his
00:21return to office. The deal requires China's approval as TikTok has become a key issue
00:25in ongoing U.S.-China trade negotiations. Trump said he's not confident but optimistic that
00:31China will agree to the deal, citing his strong relationship with President Xi and mutual
00:35benefits. The potential deal arises amid U.S.-China tensions, with TikTok under U.S. scrutiny over
00:41data privacy and national security concerns. The outcome could reshape TikTok's presence in
00:45the U.S. and impact future Chinese tech operations and trade talks. For all things money, visit
00:50Benzinga.com.

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