President Donald Trump announced on Tuesday that a deal has been struck to keep TikTok operating in the United States, with its American assets set to transfer from China’s ByteDance to US owners.
The agreement marks a major breakthrough in months of tense negotiations between Washington and Beijing, which have sought to ease a prolonged trade standoff that has rattled global markets.
TikTok, with more than 170 million users in the US, had faced the prospect of a ban unless its ownership structure was altered to address security concerns raised by the US government.
“We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said, without providing further details.
I’ve just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025). Thank you for your attention to this matter! (TS: 19 Jun 15:23 UTC) pic.twitter.com/dTelAuz8yQ
— Trump Truth Social Posts On X (@TrumpTruthOnX) June 19, 2025
He lauded the trade deal reached with China, calling it an upgrade for both countries, and said it would preserve tens of billions of dollars of value.
