TikTok to stay in the US as Donald Trump says deal is done

According to US President Donald Trump, an agreement was made between the US and China to ensure that Tiktok work in the USA.

“We have an agreement on Tiktok, I have reached an agreement with China, I will talk to President Xi to confirm everything on Friday.”

The social media platform, managed by the Chinese company, was told that there should be a risk of selling or closing US operations.

However, Trump has repeatedly delayed the ban since its first announced in January.

The US President said that a buyer would be announced soon.

CNBC reported The agreement will include a mixture of existing and new investors and will be completed within the next 30 to 45 days.

He also said that the US technology company Oracle will continue its current agreement for Tiktok to serve in the USA.

This was one of the main concerns of American MPs, who expressed concerns about the data shared with China for national security reasons.

On Monday, a US trade committee reached a “frame” agreement Wider trade negotiations in China and Madrid.

China confirmed a framework agreement, but said that no agreement will be made at the expense of the interests of its companies.

After the talks, China’s Vice President of Cyber ​​Space Management Wang Jingtao, at a press conference, contained the contract “the license of the algorithm and other intellectual property rights”.

“The Chinese government will examine and approve of Tiktok, such as the export of technology and the use of intellectual property.”

Initially, after Tiktok wanted to be banned in the first period, Trump reversed his attitude on the popular video sharing platform.

In January, US Supreme Court approved a lawIt was spent in April 2024, the Chinese parent company banned the application in the United States unless the US branch sells the US branch.

The US Department of Justice said that Tiktok was “a national security depth and scale threat,” due to access to data on American users.

However, he resisted a sale, he says that the US operations are completely separate and that no information is shared with the Chinese state.

Tiktok Briefly decided in JanuaryHowever, this lasted less than a day before the first prohibition was postponed.

The deadline for a sale since then Four times extendedAnd the last delay of the ban will end on December 16th.