Trump says US will start talks with China on TikTok deal this week
He said the United States 'pretty much' has a deal on the sale of the TikTok short-video app.
'I think we're gonna start Monday or Tuesday… talking to China, perhaps President Xi or one of his representatives, but we pretty much have a deal,' Trump told reporters on Air Force One.
Last month, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok.
A deal had been in the works this spring to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods.
Trump said the United States will probably have to get a deal approved by China.
When asked how confident he was that China would agree to a deal, he said, 'I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Arabiya
an hour ago
- Al Arabiya
Trump signs major disaster declaration for Texas flooding response
President Donald Trump on Sunday signed a major disaster declaration for Kerr County, Texas, where at least 59 people have died, and dozens remain missing in flooding after torrential rains. The declaration is 'to ensure that our brave first responders immediately have the resources they need. These families are enduring an unimaginable tragedy, with many lives lost, and many still missing,' Trump posted on social media.
Al Arabiya
an hour ago
- Al Arabiya
Musk Forms New Political Party After Split With Trump Over President's Signature Tax Cuts Law
Elon Musk says he's carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on X that he is forming the America Party in response to the president's sweeping tax cuts law. Musk, once an ever-present ally to Trump as he headed up the slashing agency known as the Department of Government Efficiency, broke with the Republican president over his signature legislation, which was signed into law Friday. As the bill made its way through Congress, Musk threatened to form the America Party if 'this insane spending bill passes.' 'When it comes to bankrupting our country with waste & graft we live in a one-party system not a democracy,' Musk said Saturday on X, the social media company he owns. 'Today the America Party is formed to give you back your freedom.' The formation of new political parties is not uncommon, but they typically struggle to pull any significant support away from the Republican and Democratic parties. But Musk, the world's richest man, who spent at least $250 million supporting Trump in the 2024 election, could impact the 2026 elections – determining control of Congress – if he is willing to spend significant amounts of Monday. His reignited feud with the president could also be costly for Musk, whose businesses rely on billions of dollars in government contracts, and publicly traded company Tesla has taken a hit in the market. It wasn't clear whether Musk had taken steps to formally create the new political party. Spokespeople for Musk and his political action committee America PAC didn't immediately comment Sunday. As of Sunday morning, there were multiple political parties listed in the Federal Election Commission database that had been formed in the hours since Musk's Saturday X post with versions of 'America Party of DOGE' or 'X' in the name or Musk listed among people affiliated with the entity. But none appeared to be authentic, listing contacts for the organization as email addresses such as ' [email protected] ' or untraceable Protonmail addresses. Musk on Sunday spent the morning on X taking feedback from users about the party and indicated he'd use the party to get involved in the 2026 midterm elections. Last month, he threatened to try to oust every member of Congress that voted for Trump's bill. Musk had called the tax breaks and spending cuts package 'a disgusting abomination,' warning it would increase the federal deficit, among other critiques. 'The Republican Party has a clean sweep of the executive, legislative and judicial branches and STILL had the nerve to massively increase the size of government, expanding the national debt by a record five trillion dollars,' Musk said Sunday on X. His critiques of the bill and move to form a political party mark a reversal from May when his time in the White House was winding down and the head of rocket company SpaceX and electric vehicle maker Tesla said he would spend a lot less on politics in the future. Treasury Secretary Scott Bessent, who clashed with Musk while he ran DOGE, said on CNN's 'State of the Union' on Sunday that DOGE's principles were popular, but 'if you look at the polling, Elon was not.' 'I imagine that those board of directors did not like this announcement yesterday and will be encouraging him to focus on his business activities, not his political activities,' he said.
Al Arabiya
3 hours ago
- Al Arabiya
US close to several trade deals, announcements to be made in next days, Bessent says
The United States is close to reaching agreements on several trade deals ahead of a July 9 deadline when higher tariffs kick in, US Treasury Secretary Scott Bessent said on Sunday, predicting several big announcements in coming days. Bessent told CNN's 'State of the Union' program that the Trump administration would also send out letters to 100 smaller countries with whom the US doesn't have much trade, notifying them that they would face higher tariff rates first set on April 2 and then suspended until July 9. 'President Trump's going to be sending letters to some of our trading partners saying that, if you don't move things along, then on August 1, you will boomerang back to your April 2 tariff level. So I think we're going to see a lot of deals very quickly,' Bessent said.
