Trump says he has 'a group of very wealthy people' to buy TikTok
President Donald Trump has said he has a buyer for TikTok, the video-sharing app that was banned in the US amid claims it posed a national security risk.
In a Fox News interview, Trump said he had a group of "very wealthy people" willing to acquire the platform. "I'll tell you in about two weeks," he teased.
A sale would need approval from the Chinese government, but Trump told Fox he thought President Xi Jinping "will probably do it".
This month Trump delayed for a third time the enforcement of a law mandating TikTok's sale.
The latest extension requires parent company ByteDance to reach a deal to sell the platform by 17 September.
The BBC has contacted TikTok for comment.
A previous deal to sell TikTok to an American buyer fell apart in April, when the White House clashed with China over Trump's tariffs.
It is not clear if the current buyer Trump has lined up is the same as the one who was waiting in the wings three months ago.
The US Congress passed a law forcing TikTok's sale in April last year, with lawmakers citing fears that the app or its parent company could hand over US user data to the Chinese government, which TikTok denied.
Trump had criticised the app during his first term, but came to see it as a factor in his 2024 election win and now supports its continued use in the US.
The law was supposed to take effect on 19 January, but Trump has repeatedly delayed its enforcement through executive actions, moves that have drawn criticism for overruling congressional lawmakers.
TikTok challenged the constitutionality of the law, but lost its appeal to the US Supreme Court.
Trump confirms further delay to TikTok ban or sale deadline
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Most Asian stocks rise as investors eye US trade talks
Asian equities mostly rose Monday following a record-breaking day on Wall Street as investors kept tabs on countries' efforts to strike trade deals with the United States before a key deadline next week. And the dollar weakened on growing expectations for more interest rate cuts, while eyes were on Donald Trump's signature tax-cutting bill -- now inching towards a Senate vote -- that some experts warn could add trillions of dollars to the national debt. The S&P 500 and Nasdaq finished at all-time peaks Friday amid optimism governments will be able to avoid swingeing tariffs imposed by the US president in April and paused until July 9 to allow for negotiations. Officials from Japan and India have extended their stays in Washington to continue talks, raising hopes for agreements with two of the world's biggest economies. Hopes that the deadline could be extended were boosted Friday by Treasury Secretary Scott Bessent, who told Fox Business "we have countries approaching us with very good deals" but they might not all be finalised by next week. But he added: "If we can ink 10 or 12 of the important 18 -- there are another important 20 relationships -- then I think we could have trade wrapped up by Labor Day," which falls on September 1. Trump said at the weekend that he did not expect to extend the deadline, telling the "Sunday Morning Futures with Maria Bartiromo" show: "I don't think I'll need to". "I could, no big deal," he added in the interview that was taped Friday. Meanwhile, Canadian Finance Minister Francois-Philippe Champagne said Sunday that Ottawa would rescind taxes impacting US tech firms in hopes of reaching a trade agreement with Washington after Trump called off talks in retaliation for the levy. Negotiations would resume with the aim of getting a deal by July 21, Ottawa added. After Wall Street's record day, most of Asia followed suit. Tokyo extended its recent rally fuelled by tech firms, while there were also gains in Shanghai, Sydney, Seoul, Singapore, Manila and Jakarta. But Hong Kong, Wellington and Taipei fell. There was little major reaction to data showing the contraction in Chinese factory activity eased further in June after a China-US trade truce. The dollar extended losses against its peers as traders increased bets on at least two rate cuts this year following Trump's indication he could choose a successor to Federal Reserve boss Jerome Powell within months. "Markets... are already pricing not just two Fed cuts this year, but a full-blown easing cycle stretching deep into 2026," said SPI Asset Management's Stephen Innes. "Powell may still hold the gavel, but traders are betting the next Fed chair walks, talks, and cuts like a dove in MAGA red." Senators were also debating Trump's "One Big Beautiful Bill", which extends his expiring first-term tax cuts at a cost of $4.5 trillion and beefs up border security. The Republican president has ramped up pressure to get the package to his desk by July 4, and called out wavering lawmakers from his party. However, there are worries about the impact on the economy, with the nonpartisan Congressional Budget Office estimating the measure would add nearly $3.3 trillion to US deficits over a decade. - Key figures at around 0230 GMT - Tokyo - Nikkei 225: UP 1.6 percent at 40,809.82 (break) Hong Kong - Hang Seng Index: DOWN 0.4 percent at 24,183.73 Shanghai - Composite: UP 0.3 percent at 3,433.80 Euro/dollar: UP at $1.1724 from $1.1718 on Friday Pound/dollar: UP at $1.3723 from $1.3715 Dollar/yen: DOWN at 144.31 yen from 144.68 yen Euro/pound: UP at 85.45 pence from 85.43 pence West Texas Intermediate: DOWN 0.5 percent at $65.18 per barrel Brent North Sea Crude: DOWN 0.3 percent at $67.57 per barrel New York - Dow: UP 1.0 percent at 43,819.27 (close) London - FTSE 100: UP 0.7 percent at 8,798.91 (close) dan/sco Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


CNN
16 minutes ago
- CNN
Canada will rescind a digital services tax to restart US trade talks
Canada will rescind a digital services tax – a way of taxing online companies – its government said on Sunday, in a bid to restart trade negotiations with the United States. US President Donald Trump on Friday canceled trade talks between the two countries, blaming the tax that he called 'a direct and blatant attack on our Country.' In a statement Sunday night, the Canadian government said it was stepping back from the tax to help bring the countries back to the table. 'To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States,' according to the statement. 'Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025.' Digital services taxes are a way for countries to tax online services, in contrast to taxes on physical products. This is a developing story and will be updated.


Bloomberg
26 minutes ago
- Bloomberg
Chinese Robot Startup Reaps Rewards After High-Profile Race
Just a few months ago, Noetix Robotics was struggling to find a single customer for its Hobbit-sized robots. Founder Jiang Zheyuan was nervous about burning through investors' money quickly. Then one of its N2 models placed second in the world's first half-marathon for robots. Now, the Beijing startup founded by the 27-year-old Tsinghua dropout is on track to deliver 2,000 robots by the end of the year. It's in talks to raise roughly $35 million at a $200 million valuation — about as much funding as it's secured since its inception in 2023. The company's staff has doubled to 100, with half of them working on a newly built production floor that churns out 10 bots per day, Jiang said in an interview.