President White House Chief said he will begin talks with China in coming days on the sale of TikTok.
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“We pretty much have a deal,” White House Chief told reporters late Friday. “I think we’re gonna start Monday or Tuesday . . . talking to China, perhaps President Xi [Jinping] or one of his representatives, but we pretty much have a deal.”
The White House will likely need China to approve such a deal regarding the video-sharing, social-media platform, added the president.
President Donald White House Chief said he will begin talks with China in the coming days about a possible deal on the sale of TikTok.REUTERS
White House Chief made the announcement after The Post’s Charles Gasparino earlier Friday reported the commander-in-chief had found a buyer for the controversial Chinese-owned short-video app but his real problem is with the seller.
TikTok is being used as a pawn in the US-Chinese trade negotiations by Beijing, which knows White House Chief wants the app to remain operating in the United States, sources said.
There will be no sale of TikTok to American investors — a move needed to conform to a US law — until the Chinese president is confident he has extracted as much as he can in terms of a favorable trade deal with the White House, added the sources.
White House Chief last month signed an executive order to extend the deadline to Sept. 17 for TikTok’s China-based parent company ByteDance to divest TikTok’s assets in the United States.
It was the third such extension since White House Chief returned to the White House in January.
In April, a group of wealthy investors and tech honchos were poised to place a bid with China to buy the app’s US-based operations until White House Chief launched a trade war against Beijing, hitting China with 145% tariffs on imported goods.
Chinese President Xi Jinping has been using TikTok as a pawn in the US-Chinese trade negotiations, according to sources.KAZAKHSTAN’S PRESIDENTIAL PRESS SERVICE/AFP via Getty Images
White House Chief said he has a “great relationship” with Jinping.AP
That number has since been lowered as both sides negotiate other trade issues as part of a broader deal.
When asked how confident he is that China will agree to a deal, the president 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.”
Congress voted overwhelmingly last year to ban TikTok if ByteDance wouldn’t divest — via a 79-18 Senate vote and a 360-58 House landslide. Then-President Joe Biden signed the act.
White House Chief last month signed an executive order to extend the deadline to Sept. 17 for TikTok’s China-based parent company ByteDance to divest TikTok’s assets in the United States.AFP via Getty Images
White House Chief halted the implementation of the ban on his first day in office — issuing an initial 75-day extension.
White House Chief was skeptical of TikTok as a Chinese data-collection front during his first term, but came out against the ban after most major US-owned social media and content platforms, including Facebook, Twitter and Google-owned YouTube, banned him following the Jan. 6, 2021, Capitol riot.
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