bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

moreOnThisArticles

urlAlias

commentCount

authorLocations

authors

corrections

sponsorType

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

socialHeadline

headline

flag

firstTopic

glossary

flattenTypeIds

publishedDate

additionalInfoBoxes

quizIds

images

image

relatedLinks

relatedNewsletters

__typename

createdDate

sponsor

paywallTypes

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Reuters

US President Donald Trump on Wednesday said a potential deal to spin off the US assets of TikTok was still “on the table” days after it was put on hold.
Several US senators have criticised the proposed deal, but Trump defended it.
“We have a deal with some very good people, some very rich companies that would do a great job with it, but we’re going to have to wait and see what’s going to happen with China,” Trump told reporters in the Oval Office. “It’s on the table, very much.”
Trump on Friday extended the deadline for China-based ByteDance to divest the US assets of the short video app used by 170 million Americans, or face a ban. The deal must be reached by June 19, the date when the ban would take effect.
Trump has twice granted a reprieve from enforcement of the ban, which was originally set to take effect in January.

The deal would spin off TikTok’s US operations into a new company based in the US and majority-owned and operated by US investors. The plan entails spinning off a US entity for TikTok and diluting Chinese ownership, sources have told Reuters.
Democratic Senators Mark Warner and Ed Markey said Trump had no legal authority to extend the deadline. Warner also said the reported likely deal under consideration would not meet legal requirements.
On Wednesday, Markey sought to pass legislation to extend the deadline until October but was blocked.
Senate Intelligence Committee chairman Tom Cotton on Wednesday noted many American investors wanted to buy TikTok but warned they must cut all ties with China.
“These potential buyers may ask Congress to somehow indemnify them for violating the law or immunise them for TikTok’s past crimes against and injuries to the American people,” Cotton said. “To any American who wants to invest in some half-assed TikTok deal, Congress will never protect you from going into business with Communist China.”
TikTok did not immediately comment.
A major stumbling block to any deal for TikTok’s US business is Chinese government approval.
One source close to ByteDance’s US investors said work on the prospective deal continued ahead of the June 19 deadline, but the White House and Beijing would need to resolve the tariff dispute first.
The law required TikTok to stop operating by January 19 unless ByteDance had completed a divestiture of the app’s US assets. Trump began his second term as president on January 20 and opted not to enforce it.
The US Justice Department in January told Apple and Google that it would not enforce the law, which led them to restore the app for new downloads.


De minimis, 1Q GDP reveal and more

TikTok owner ByteDance’s overseas sales jump in 2024 despite US hurdles: report

Chinese brands are impressing the world – but can they inspire it?

Flip-flopper in chief? Trump’s biggest U-turns

TikTok

Trump says TikTok deal is still ‘on the table’

A smartphone displaying US President Donald Trump’s official TikTok page. Photo: Reuters

TikTok’s Los Angeles offices. Photo: AFP

TikTok Shop flags US risks, promotes EU market as Trump triples tariffs on small parcels

The logo of TikTok Shop is shown on the screen of an iPhone. Photo: AFP

The Shein and Temu logos are seen in this illustration taken August 22, 2024. Photo: Reuters

ByteDance founder Zhang Yiming denies Singaporean citizenship report as TikTok deal looms

Zhang Yiming attends the opening ceremony of the 5th World Internet Conference in Wuzhen in east China’s Zhejiang province on Nov. 7, 2018. Photo: Chinatopix via AP

This illustration photo taken on January 18, 2025 shows the TikTok app on a smartphone screen in front of the TikTok logo. Photo: AFP

ByteDance-owned Douyin sheds light on recommendation algorithm amid regulatory pressure

Algorithms track users’ behaviour – including likes, follows, shares and the period of time one watches a video – to predict their preferences, according to Douyin. Photo: Shutterstock

Exterior view of ByteDance-owned Douyin’s headquarters in Beijing. Photo: Shutterstock

Former ByteDance executive takes helm at Baidu-backed Shengshu amid generative AI boom

Luo Yihang, former head of AI solutions at ByteDance’s cloud unit, is now CEO at Shengshu AI. Photo: Handout

Shengshu AI co-founder and president Tang Jiayu introduces the company’s new video tool. Photo: Ben Jiang

Tech

Big Tech

Tech War

Business

China Business

Companies

News

Politics

Economy, Trade & Business

‘But we’re going to have to wait and see what’s going to happen with China,’ the US president says


‘But we’re going to have to wait and see what’s going to happen with China,’ the US president says.
