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White House says deal to put TikTok under US ownership could be finalized in South Korea

The deal aims to resolve U.S. national security concerns by transferring TikTok ownership to American investors, ending months of uncertainty about the app's future, officials said.

  • The Trump administration has reportedly reached a deal with China to keep TikTok running in the U.S., which could be finalized in South Korea soon.
  • President Donald Trump is set to meet with Chinese President Xi Jinping to address trade issues and finalize the TikTok transaction.
  • Bonnie Glaser of the German Marshall Fund stated that whether the deal protects American data remains uncertain and poses questions about consistency with U.S. law.
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The Trump administration has been signaling that it could finally have reached an agreement with China for TikTok to continue functioning in the United States, and that both countries would finish it as soon as Thursday. President Donald Trump is visiting South Korea, where he will meet with Chinese President Xi Jinping to try to defuse the tension of the trade war. Treasury Secretary Scott Bessent declared on Sunday on the CBS’s “Face the Natio…

·Washington, United States
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Center

White House: Deal to put TikTok under U.S. ownership could be finalized soon

The deal would mark the end of months of uncertainty about the fate of the popular video-sharing platform in the U.S.

·United States
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The Trump administration has been signaling that it may have finally reached an agreement with China to keep TikTok operating in the United States, and that the two countries could finalize it as early as Thursday.

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TechTrendsKE broke the news in on Wednesday, October 29, 2025.
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