Chinese language President Xi Jinping and U.S. President Donald Trump.
Dan Kitwoodnicholas Kamm | Afp | Getty Photographs
President Donald Trump and Chinese language chief Xi Jinping on Friday held a much-anticipated name geared toward finalizing a deal to maintain TikTok from going darkish within the U.S.
The decision started at 8 a.m. ET, a White Home official advised CNBC. White Home press secretary Karoline Leavitt advised CNBC’s Eamon Javers shortly after 11 a.m. that the decision had concluded, however she didn’t say how lengthy it ran.
Washington and Beijing agreed on a deal “framework” for the social media platform on Monday, Treasury Secretary Scott Bessent mentioned following talks between the 2 financial superpowers in Madrid.
ByteDance, TikTok’s Chinese language dad or mum firm, has confronted an ultimatum beneath a federal legislation requiring it to both divest the platform’s American enterprise or be shut down within the U.S.
However Trump, a fan of TikTok who credited it with serving to him win the 2024 presidential election, has repeatedly prolonged the deadline. On Tuesday, he signed an government order delaying it till Dec. 16.
Throughout a state go to to the U.Okay. on Thursday, Trump mentioned he was keen to maintain TikTok alive within the U.S.
“We’re talking to President Xi on Friday to see if we are able to finalize one thing on Tiktok as a result of there’s super worth, and I hate to present away worth, however I like Tiktok,” Trump mentioned at Chequers, the British prime minister’s weekend residence in Aylesbury, England.
Lawmakers of each events had backed the TikTok laws, which aimed to guard People from social media apps getting used for surveillance or manipulation functions by overseas adversaries.
Former President Joe Biden signed the invoice into legislation in April 2024, with ByteDance initially going through a Jan. 19 deadline to divest or face a U.S. ban.
However Trump prolonged that deadline on his first day in workplace, and he has performed so three extra occasions since then.
That is breaking information. Please verify again for updates.
