President Donald Trump confirmed on Sunday night that the United States was “pretty close” to a TikTok divestment deal until China dodged on a sale of the platform because of the tariffs Trump announced against the country on his “Liberation Day” rollout.
The Washington Examiner previously reported that a deal was finalized between American investors and TikTok’s Chinese parent company, ByteDance, that would allow the social media platform to continue operating within the U.S. After the White House slapped a 34% tariff on China, however, the country flipped its position and ByteDance said it could not agree to a sale.
Trump confirmed that reporting in comments to the media aboard Air Force One.
Trending: Court Ruling May Flip Results Of State Supreme Court Election
“We had a deal pretty much for TikTok — not a deal but
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!