Trump Discusses TikTok Deal, Potential Extension with China

TikTok Deal Negotiations

• 🇺🇸 President Trump stated he is close to finalizing a deal for TikTok's U.S. business.
• 🤝 The deal is being negotiated in conjunction with China, with a call to President Xi Jinping planned to firm up details.
• 💰 A significant fee plus is expected for the U.S. in exchange for approving the deal.

Ownership and Algorithm

• 💡 The new owners of TikTok's U.S. operations will be all American investors, described as among the greatest and richest in the world.
• ❓ Trump did not directly answer whether new American owners would use a legacy Chinese algorithm or develop their own.

Trump's Personal Connection to TikTok

• 📈 Trump acknowledged that TikTok helped him get elected, particularly with younger voters, stating he won the election by a large number partly due to this.
• 🗣️ He mentioned using TikTok for daily, short statements, referring to them as "Tik Tok Jack."

Potential Extension with China

• 🇨🇳 The U.S. is considering an extension with China on the current terms, which are described as pretty good.
• ⚠️ Trump expressed a desire to reap the benefits of the substantial money involved in the deal.