US President Donald Trump on TikTok ban: 'We have a buyer for …'
US President Donald Trump has claimed that he knows a group of 'very wealthy people' who are ready to purchase the US operations of popular short-video app TikTok. 'We have a buyer for TikTok, by the way,' said Trump. Speaking in an interview with Fox News Channel's 'Sunday Morning Futures with Marai Bartiromo,' Trump said that he will soon reveal the identities of these buyers in upcoming weeks.
The latest announcement from Donald Trump comes during the pressure from a 2024 US law which mandates TikTok's China-based parent company ByteDnace to either divest the US assets of the app or face a nationwide ban. The initial deadline for divestiture was January 19, 2025 and Trump has repeatedly extended the deadline, most recently to September 17, 2025.
"We have a buyer for TikTok, by the way," Trump told Bartiromo. He also added that any deal would likely require approval from the Chinese government, expressing confidence that Chinese President Xi Jinping would "probably do it." The earlier attempts of divestiture of TikTok were put on hold after China disapproved the process, particularly in response to Trump's tariffs on Chinese goods.
With the bipartisan support US passed the law which stems from national security concerns over users' data collection and influence operations by the Chinese government via TikTok.
Donald Trump has always credited TikTok for helping him gain traction among young voters in the 2024 election. Presently, the identities of the "very wealthy people" remain a secret for now, but the latest statement made by Trump has once again given hope to the 170 million American users.
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