President Donald Trump said that the U.S. and China have a deal that would keep TikTok operating in the United States, transferring its U.S. assets to U.S. owners from China's ByteDance, potentially resolving a saga that has lingered for nearly a year.
Breakdown
- President Trump announced a deal to transfer TikTok's U.S. assets to American ownership. 7s
- The agreement follows months of negotiations between the U.S. and China amid broader trade tensions. 29s
- Oracle is reported to remain TikTok's cloud provider, addressing national security concerns. 49s
- The deal may require congressional approval due to a law mandating ByteDance to sell TikTok or face a ban. 1m 19s
- TikTok has 170 million U.S. users, and both Trump and the White House have official accounts on the platform. 1m 36s