Trump Announces Upcoming U.S.-China Talks on New TikTok Deal This Week

U.S. President Donald Trump announced that the U.S. will begin talks with China on Monday or Tuesday regarding a potential deal for TikTok. Speaking aboard Air Force One, Trump stated that a deal is "pretty much" in place, but likely needs China’s approval. The proposed agreement would involve ByteDance divesting TikTok's U.S. operations to create a new American-based company, majority-owned by U.S. investors. This deal had stalled earlier due to China’s objections following Trump’s tariff threats. While not fully confident, Trump expressed optimism, citing a good relationship with President Xi and calling the deal beneficial for both nations.