President Donald Trump has stated that an agreement for the sale of TikTok, currently owned by its Chinese parent company ByteDance, is expected to be finalized before the April 5 deadline.
On March 30th, President Trump expressed optimism regarding the impending sale of TikTok’s US operations, asserting that a deal would be finalized before the April 5th deadline.
He cited significant buyer interest and a desire to maintain TikTok’s viability. The initial deadline stemmed from a 2024 national security law mandating ByteDance’s divestment or facing a US ban due to concerns about Chinese government influence and data collection.
Blackstone, a private equity firm, is currently considered the frontrunner, reportedly negotiating a minority investment alongside existing non-Chinese investors. President Trump acknowledged China’s role in approving any sale and hinted at potential tariff reductions to facilitate the transaction.
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Vice President Vance also voiced confidence in reaching a general agreement by the deadline. With nearly half of all Americans using TikTok, the platform’s future has been uncertain since the 2024 law’s passage; however, President Trump’s recent statements suggest a swift resolution is near.
