From PC Mag: This has been a rollercoaster year for TikTok in the US. The app was banned for less than 24 hours in January before being reinstated ahead of Donald Trump's inauguration. The president has since extended the deadline for divesting TikTok from its Chinese ownership several times, and it's happened once again amid more promises of an imminent deal.
The newest deadline for a sale is Dec. 16. On Tuesday, Trump told a group of reporters that "we have a deal on TikTok," though the White House has not provided any details. (Trump also made similar pronouncements in June and July, but nothing was announced.)
"A deal was also reached on a 'certain' company that young people in our Country very much wanted to save," Trump wrote on Truth Social this week. "They will be very happy! I will be speaking to [Chinese] President Xi on Friday. The relationship remains a very strong one!!!"
US Treasury Secretary Scott Bessent said on Monday that the US and China have a "framework" for a TikTok deal, CNBC reports. It could close in 30 to 45 days, and will include "proper safeguards for US national security," he says.
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