President Trump said Wednesday that he was willing to reduce tariffs to get a deal with Bytedance, Tiktok's Chinese parent.
The ordinance faces a deadline of April 5, finding non-Chinese buyers in Tiktok or a US ban on national security reasons.
In his latest twist on the fate of the popular short video app, Trump said he is willing to extend the deadline if an agreement is not reached via social media apps.
“As for Tiktok, and China will have to play a role in it, perhaps in the form of approval, and perhaps they will. Maybe I'll cut a bit to them to get it done,” Trump told reporters Wednesday.
Vice President JD Vance said he expects general terms of the agreement to settle ownership of the social media platform by April 5th.
The future of the app, which was used by almost half of all Americans, has been airing since the law was passed last year with overwhelmingly bipartisan support, demanding that Tiktok be sold by January 19th.
The app temporarily blew into life in January after the US Supreme Court upheld the ban, but returned to life a few days after Trump took office.
Trump immediately postponed an order to extend the law until April 5th, and said last month he could extend that deadline further and give time to trade Shepherds.
The White House effectively plays the role of investment banks and is involved at an unprecedented level of closely monitored contract consultations.
