Trump says US will start TikTok deal talks with China
He said the United States "pretty much" has a deal on the sale of the TikTok short-video app.
"I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One.
In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok.
A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods.
Trump said the US would probably have to get a deal approved by China.
When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."
US President Donald Trump says he will start talking to China next week about a possible TikTok deal.
He said the United States "pretty much" has a deal on the sale of the TikTok short-video app.
"I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One.
In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok.
A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods.
Trump said the US would probably have to get a deal approved by China.
When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."
US President Donald Trump says he will start talking to China next week about a possible TikTok deal.
He said the United States "pretty much" has a deal on the sale of the TikTok short-video app.
"I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One.
In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok.
A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods.
Trump said the US would probably have to get a deal approved by China.
When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."
US President Donald Trump says he will start talking to China next week about a possible TikTok deal.
He said the United States "pretty much" has a deal on the sale of the TikTok short-video app.
"I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One.
In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok.
A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods.
Trump said the US would probably have to get a deal approved by China.
When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Perth Now
an hour ago
- Perth Now
Gaza ceasefire may take more time, says Israeli
Israeli officials say that gaps can be bridged between Israel and Palestinian militant group Hamas at peace talks in Qatar, though it may take more than a few days to reach a deal to free hostages and halt fighting. Delegations from Israel and Hamas have been in Qatar since Sunday in a renewed push for an agreement, after US President Donald Trump said last week he had hope that a new US-backed proposal could lead to a deal. Trump met on Monday evening with Israel's Prime Minister Benjamin Netanyahu, who floated plans - vehemently opposed by all major Palestinian groups - for some of Gaza's residents to be relocated abroad. The Israeli leader also presented Trump with a letter nominating him for the Nobel Peace Prize. A Qatari spokesperson, Majed Al Ansari, said on Tuesday that Qatari and Egyptian mediators were not yet discussing a final ceasefire deal, but still seeking agreement on a framework of principles that would lead to more detailed talks. "Talks have not begun as of yet, but we are talking to both sides over that framework," Al Ansari said. "Both parties are still in Doha. So that's always a good sign." Trump's envoy Steve Witkoff, who played a major role in crafting the latest ceasefire proposal, will travel to Doha this week to join discussions there, White House press secretary Karoline Leavitt told reporters on Monday. The proposal envisages a phased release of hostages, Israeli troop withdrawals from parts of Gaza and discussions on ending the war entirely. There was no immediate fresh readout on the talks from Hamas or Palestinian sources on Tuesday. Palestinian sources had said on Monday that progress had been held up by Israel's limits on allowing humanitarian aid into Gaza. Israeli minister Zeev Elkin, who sits in Netanyahu's security cabinet, said that there was "a substantial chance" a ceasefire would be agreed. "Hamas wants to change a few central matters, it's not simple, but there is progress," he told Israel's public broadcaster Kan on Tuesday. Senior Israeli officials briefing journalists in Washington said it may take more than a few days to finalise agreements in Doha. Another Israeli official said progress had been made. In Gaza City, children walked through debris, where residents said an Israeli airstrike had hit overnight, with children among the casualties. The Israeli military did not immediately provide details on the target of the strike. "We hope that a ceasefire will be reached and that the massacres against the Palestinian people will stop," said Mohammed Joundiya, standing in the rubble left in the aftermath of the attack. At Israel's parliament in Jerusalem, former hostage Keith Siegel, who was released in February in a previous ceasefire, described the anguish of those held incommunicado for hundreds of days in Hamas captivity. "We have a window of opportunity to save lives," he said, "every minute is critical." Hamas has long demanded an end to the war before it would free remaining hostages; Israel has insisted it would not agree to end the fighting until all hostages are released and Hamas dismantled. At least 20 of the remaining 50 hostages in Gaza are believed to still be alive. The war began on October 7, 2023, when Hamas-led militants stormed into Israel, killing around 1200 people and taking 251 hostages into Gaza. Israel's subsequent campaign against Hamas in Gaza has since killed more than 57,000 Palestinians, according to local health authorities, displaced almost the entire population of more than two million people, sparked a humanitarian crisis in the enclave and left much of the territory in ruins.
AU Financial Review
an hour ago
- AU Financial Review
Trump says he won't offer tariff extensions
US President Donald Trump said he would not offer any extensions to a new August 1 deadline for nations to begin paying so-called reciprocal tariffs. 'TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change,' Trump wrote on his Truth Social platform on Tuesday. 'In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted.'
Perth Now
2 hours ago
- Perth Now
Wall St steadies, investors recover from tariff shock
Wall Street's main indexes largely have held firm, as jitters over President Donald Trump's latest tariff offensive were offset by mounting hopes that fresh talks with US trading partners could avert a full-blown global tariff war. On Monday, Trump warned partners from Japan and South Korea to smaller players that steep new US tariffs would kick in from August 1 — though he left the door open to delays if countries come forward with fresh proposals. Japan's top trade negotiator, Ryosei Akazawa, held a 40-minute phone call with US Commerce Secretary Howard Lutnick on Tuesday, where the two sides agreed to "actively" continue negotiations. In early trading on Tuesday, the Dow Jones Industrial Average fell 33.58 points, or 0.08 per cent, to 44,372.78, the S&P 500 gained 6.03 points, or 0.10 per cent, to 6,236.25 and the Nasdaq Composite gained 37.51 points, or 0.18 per cent, to 20,450.02. The sentiment has improved since a knee-jerk reaction on Monday, when all major indexes closed sharply lower following the tariff announcement. In S&P 500 sub-sectors, the energy index led the pack with a one per cent rise, while utilities dropped 1.3 per cent. In mega-cap stocks, shares of Tesla gained 1.5 per cent after the stock recorded its steepest single-day fall in nearly a month on Monday. "The market's taking comfort from the fact that the can has been kicked further down the road and the expectation remains that the bark is a lot worse than the bite," said Ben Laidler, head of equity strategy at Bradesco BBI. The swift market recovery is in stark contrast to the sharp selloff that followed "Liberation Day" tariff announcements three months ago — a rout that plunged the Nasdaq into bear territory and sent the Dow and S&P 500 into correction. Since then, Wall Street has rebounded, with the Nasdaq and S&P 500 both notching record highs last week, buoyed by a robust labour market that helped quiet recession worries. "We have not seen any dramatic economic consequences from big increase in tariffs," Laidler added. The US has so far reached trade agreements with only Britain and Vietnam. BofA Global Research and Goldman Sachs raised their year-end targets for the S&P 500 index, broadly driven by reduced policy uncertainty, resilient corporate earnings and potential interest rate cuts. Traders have now all but ruled out a July rate cut from the Federal Reserve, putting the odds of a September cut at around 63 per cent, according to the CME FedWatch tool. Minutes of the Fed's June rate-setting meeting are scheduled for release on Wednesday, which will offer investors more clarity on when the central bank might resume its policy easing cycle. Shares of solar stocks fell after Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects. SunRun dropped 8.9 per cent, Enphase Energy lost 4.6 per cent and SolarEdge Technologies declined 4.2 per cent. Advancing issues outnumbered decliners by a 1.57-to-1 ratio on the NYSE, and by a 2.17-to-1 ratio on the Nasdaq. The S&P 500 posted 15 new 52-week highs and three new lows, while the Nasdaq Composite recorded 47 new highs and 26 new lows.
