"TikTok has long been caught in the crosshairs of U.S. policymakers. During Trump's first term, the White House attempted to ban the app via executive order, citing national security risks. That effort faltered in court, but bipartisan concern over China's ownership of TikTok only deepened. In his second term, Trump signed into law a bipartisan measure requiring ByteDance TikTok's Chinese parent company to sell its U.S. operations or face prohibition."
"The post was an unmistakable reference to TikTok, the wildly popular short-video app that faces a Sept. 17 deadline to divest its U.S. operations or face a ban. Trump also revealed plans to speak with Chinese President Xi Jinping later this week. The announcement comes as U.S. and Chinese officials have been holding high-stakes talks in Madrid aimed at resolving multiple trade disputes, with TikTok at the top of the agenda."
President Donald Trump announced that a deal was reached to save TikTok and said he will speak with Chinese President Xi Jinping. The app faces a Sept. 17 deadline to divest U.S. operations or be banned. U.S. and Chinese officials held high-stakes talks in Madrid focused on trade disputes with TikTok central to negotiations. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer indicated negotiators were close to agreement. TikTok previously faced executive-order attempts to ban it; a bipartisan law now requires ByteDance to sell its U.S. operations. Critics cite data and national security risks; TikTok denies sharing data and is mounting legal challenges.
Read at www.mediaite.com
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