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President Trump is expected to talk with Chinese officials this week about a possible TikTok deal. Here's what we know.
It’s been about five months since a law requiring TikTok to be banned in the United States unless it was sold off by its China-based parent company, ByteDance, technically went into effect.
In letters made public via the Freedom of Information Act, Attorney General Pam Bondi argued the president has the authority to nullify laws as he sees fit.
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The Constitution requires the president to “take Care that the Laws be faithfully executed.”
Nevertheless, the company’s ban was upheld by the Supreme Court earlier this year, and ever since arriving in office days after the law was signed into law, Trump has delayed enforcement through executive order,
In an interview with Fox News' Maria Bartiromo that aired on Sunday, President Donald Trump said a TikTok deal would occur soon.Last year, Congress passed a law requiring TikTok to separate from its parent company,
Trump announced a buyer for TikTok's US arm but withheld details for two weeks. He suggested extending the app's ban deadline, highlighting national security issues due to its Chinese ownership, while tensions between the US and China impact the sale process.
A deal to spin off TikTok's U.S. operations into a U.S.-based firm was paused after China responded to Trump's announcements of tariffs on China. Trump's comments could add clarity to the future of the app in the United States.
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ET Now on MSNWhy China's ByteDance is selling TikTok in US? Donald Trump says he has a buyer for appWe have a buyer for TikTok, by the way. Very wealthy people. It’s a group of wealthy people,” Trump said during an interview with Fox's Sunday Morning Futures, as reported by Bloomberg. He added that he would reveal the names of the buyers “in about two weeks.
From Larry Ellison’s new power consolidation to an app that simply may not be as good, the key variables as a multiyear saga could finally be ending.