Trump confident in finding TikTok buyer before deadline
The Hindu
President Donald Trump again downplayed risks that TikTok is in danger of being banned in the United States.
President Donald Trump again downplayed risks that TikTok is in danger of being banned in the United States, saying he remains confident of finding a buyer for the app's US business by a Friday deadline.
The hugely popular video-sharing app, which has over 170 million American users, is under threat from a law that passed overwhelmingly last year and orders TikTok to split from its Chinese owner ByteDance or face a ban in the United States.
Motivated by widespread belief in Washington that TikTok is ultimately controlled by the Chinese government, the law took effect on January 19, one day before Trump's inauguration.
But the Republican president quickly announced a delay that has allowed it to continue to operate; that delay is set to expire on April 5.
"We have a lot of potential buyers. There's tremendous interest in TikTok," Trump told reporters onboard Air Force One late Sunday.
"We have a lot of people that want to buy TikTok. We're dealing with China also on it, because they may have something to do with it," he said, adding "I'd like to see TikTok remain alive."
Any deal to divest TikTok from ByteDance will require the approval of Beijing, and Trump has said he may offer to reduce tariffs on China as a way to get Beijing's approval for the sale.
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