President Donald Trump says the United States and China have reached an agreement on TikTok. A buyer who will enable the app's continued operation in the U.S. will be presented shortly, according to reports citing the president.
Trump has repeatedly extended the deadline to ban TikTok in America. The core requirement has been U.S. ownership of the app's operations within the country.
Following trade talks between the U.S. and China in Madrid, news of an agreement emerged. On Tuesday, Trump confirmed that a buyer would be announced soon.
The specific details of the agreement remain unclear. The identity of the potential buyer has not been disclosed.
This development represents a significant shift in the ongoing TikTok saga. The repeated deadline extensions suggest complex negotiations behind the scenes. The Madrid talks appear to have been crucial in breaking the deadlock.