The Morning After: US and China agree to agree on a TikTok deal
After the proclamation of a TikTok ban, which fizzled out, during President Trump’s first term, the idea of a TikTok lockout across the US was back on the table when he returned for a second presidency.
Now, after too much will-they-won’t-they, White House press secretary Karoline Leavitt said a TikTok deal is expected to be signed “in the coming days.” This follows President Donald Trump posting an update on Friday that did little to clarify what the deal actually is.
Trump said both that the two had “made progress” on “approval of the TikTok Deal” and that he “appreciate[s] the TikTok approval.” Trump also told reporters in the Oval Office “he approved the TikTok deal,” according to Reuters.
During an appearance on Fox News’ “Saturday in America” the following day, Leavitt added the deal would mean that “TikTok will be majority owned by Americans in the United States.” She added: “Now that deal just needs to be signed, and the president’s team is working with their Chinese counterparts to do just that.”
The proposed terms reportedly include a brand new app for TikTok’s US users, which will continue to use ByteDance’s technology for its algorithm, US investor control and a multibillion-dollar payday for the Trump administration. But several days later, nothing is yet official.
— Mat Smith
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Continue reading.This article originally appeared on Engadget at https://www.engadget.com/general/the-morning-after-engadget-newsletter-111626774.html?src=rss