
Trump TikTok: President says he has a buyer for popular app
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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
18 minutes ago
- Reuters
Pace of Ukraine talks hinges on efforts of Kyiv, Washington, Kremlin says
June 30 (Reuters) - The pace of talks to resolve the war in Ukraine depends on Kyiv's position, the effectiveness of U.S. mediation, and the situation on the ground, Kremlin spokesman Dmitry Peskov said in remarks televised on Sunday. Five months into U.S. President Donald Trump's term, there is no clear end to the war Russia launched in February 2022 against its smaller neighbour, despite his 2024 campaign vow to end it in one day. Trump, who has pushed both sides towards ceasefire talks since his January inauguration, said on Friday he thinks "something will happen" about a settlement of the war. "A lot depends, naturally, on the position of the Kyiv regime," Peskov told Belarus 1 TV, the main state television channel in Russia's neighbour. "It depends on how effectively Washington's mediating efforts continue," he said, adding that the situation on the ground was another factor that could not be ignored. Peskov did not elaborate on what Moscow expects from Washington or Kyiv. Moscow has been demanding that Ukraine cede more land and abandon Western military support, conditions Kyiv calls unacceptable. While no date has been set for the next round of talks, Peskov said Russia hoped dates would become clear "in the near future." After a gap of more than three years, Russia and Ukraine held face-to-face talks in Istanbul on May 16 and June 2 that led to a series of prisoner exchanges and the return of their dead soldiers. They have made no progress towards a ceasefire, however. Their blueprints for a peace deal shared at the June 2 talks were "absolutely contradictory memorandums", Russian President Vladimir Putin said on Friday. Russia, which already controls about a fifth of Ukraine, continues to advance gradually, gaining ground in recent weeks in Ukraine's southeastern regions of Donetsk and Dnipropetrovsk, and ramping up air attacks nationwide. Turkey, which hosted the previous round of talks, is ready to host them again, it said on Friday.


NBC News
24 minutes ago
- NBC News
Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks
Canada has walked back on its digital services tax 'in anticipation' of a mutually beneficial comprehensive trade arrangement with the United States, Ottawa announced Sunday night, just one day before the first tax payments were due. The move comes after U.S. President Donald Trump announced over the weekend that he will be 'terminating ALL discussions on Trade with Canada ' in response to Ottawa's decision to impose a digital services tax on American tech firms. 'Today's announcement will support a resumption of negotiations toward the July 21, 2025, timeline set out at this month's G7 Leaders' Summit in Kananaskis,' Canadian Prime Minister Mark Carney said in the statement. The first payments from Canada's digital services tax, which was enacted last year and applies retroactively to 2022, were initially set to be collected Monday. The tax would have applied to both domestic and foreign tech companies, including U.S. giants such as Amazon, Google and Meta with a 3% levy. This decision from Ottawa was an about-turn from Canadian officials earlier this month, who said they would not pause the digital services tax, despite strong opposition from the U.S. Canada's Minister of Finance and National Revenue Francois-Philippe Champagne added, 'Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians.' However, the statement from Canada's finance ministry also said that Carney 'has been clear that Canada will take as long as necessary, but no longer, to achieve that deal.' The digital services tax was first introduced in 2020 to address a taxation gap where many large tech companies were earning significant revenues from Canadians, but were not taxed. Ottawa also said that the tax was enacted while it worked with international partners — including the U.S.— on a multilateral agreement that would replace national digital services taxes. Shortly after Trump said that the U.S. was 'terminating ALL discussions on Trade with Canada,' Treasury Secretary Scott Bessent told CNBC's Morgan Brennan that U.S. Trade Representative Jamieson Greer would be investigating the tax to 'determine the amount of harm to the U.S. companies and the U.S. economy in general.' 'Canada has this digital services tax. And several other countries do too. We disagree, and we think that they discriminate against U.S. companies,' Bessent said on CNBC's 'Closing Bell: Overtime.' 'Several countries within the European Union have digital service taxes. None of them have done those retroactively,' Bessent added.


Reuters
37 minutes ago
- Reuters
Agriculture a 'red line' in trade talks with US, Indian finance minister tells Financial Express
NEW DELHI, June 30 (Reuters) - India's agriculture and dairy are "big red lines" in its ongoing trade negotiations with the United States, Indian Finance Minister Nirmala Sitharaman told the Financial Express newspaper in an interview published on Monday. India and the U.S. are negotiating a trade deal ahead of President Donald Trump's July 9 deadline to impose reciprocal tariffs. "Agriculture and dairy have been among very big red lines, where a high degree of caution has been exercised," Sitharaman told the newspaper. "Yes, I'd love to have an agreement, a big, good, beautiful one; why not?" Sitharaman said, adding that an early conclusion of the trade deal would serve India better. In the trade talks, the U.S. is pushing for greater access to agricultural goods and ethanol, citing a significant trade imbalance, along with expanded market access for dairy, alcoholic beverages, automobiles, pharmaceuticals and medical devices. Meanwhile, India's auto, pharmaceutical, and small-scale firms are lobbying for a gradual opening of the protected sectors, fearing competition from U.S. firms. Discussions on the trade deal will address concerns of the automobile and other industries with "deep consultations," said Sitharaman.