Trump hints at TikTok deal, says young people 'will be very happy'
President Donald Trump hinted that a deal has been reached to resolve issues over TikTok's China-based ownership, days before the next ban deadline for the social media platform.
"A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy!" Trump wrote in a Truth Social post shortly after 8 a.m. ET on Sept. 15.
Trump also said he will be speaking to Chinese President Xi Jinping on Friday, Sept. 19, adding that their relationship "remains a very strong one."
At a trade meeting between U.S. and China officials in Madrid, Spain, U.S. Trade Representative Jamieson Greer said the framework deal is to switch the app to a U.S.-based ownership, per Reuters.
"We believe we have an agreement. It's just subject to the to the leaders' approval," Greer said.
TikTok has faced an uncertain future in the United States in the face of a looming ban stemming from concerns over data sharing with China. The latest ban deadline, which was Trump's third extension, is set to expire on Sept. 17.
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