New US-China TikTok agreement similar to terms agreed this spring, sources say
President Donald Trump’s agreement with China that would keep TikTok operating in the United States, transferring its US assets to US owners from China’s ByteDance, is similar to a deal worked out earlier this year, three sources familiar with the new terms said.
“We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said on Tuesday, without providing further details.
A deal for TikTok had been in the works in the spring, but was put on hold after China indicated it would not approve it following Trump’s announcements of steep tariffs on Chinese goods.
