President Trump stated that the USA is close to an agreement with China for the transfer of TikTok, but the sale deadline could be extended.

Donald Trump announced that the United States and China are close to an agreement regarding the transfer of TikTok ownership to American companies. He mentioned that the deadline for the divestment of the Chinese stake could be extended, maintaining the same favorable conditions. Trump will discuss the matter with Chinese President Xi Jinping. He also signed an executive order that postpones the enforcement of the 2024 law, which requires the sale of the Chinese stake in TikTok by December 16.