President Donald Trump said Wednesday he has reached a deal with China and plans to speak with Chinese President Xi Jinping on Friday to finalize it, including leveraging the TikTok social media platform.
“I’ve reached a deal with China,” Trump told reporters outside the White House before boarding Marine One for a U.K. summit. “I’m going to speak to President Xi on Friday to confirm everything up. We made a very good trade deal, and I hope good for both countries — but a very different deal than they’ve made in the past.”
Trump did not disclose details of the TikTok terms but said “a group of very big companies” is preparing to buy the platform, which he described as too valuable to “throw out the window.”
He added that parents had urged him to keep TikTok accessible.
“The kids wanted it so badly,” Trump said. “I had parents calling me up. They don’t want it for themselves. They want it for their kids. They say if I don’t get it done, they’re in big trouble with their kids.
“And I think it’s great. I hate to see value like that thrown out the window.”
TikTok faces the prospect of a U.S. ban over national security concerns.
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