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White House says deal to put TikTok under US ownership could be finalised in South Korea
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....hite House says deal to put TikTok under US ownership could be finalised in South Korea<BR>PTI News<BR>Dated:- 29-10-2025<BR>PTI<BR>Washington, Oct 29 (AP) The Trump administration has been signalling that it may have finally reached a deal with China to keep TikTok running in the US, with the two countries finalising it as soon as Thursday. President Donald Trump is visiting South Korea, where h....
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....e will meet with Chinese President Xi Jinping to try to de-escalate a trade war. Treasury Secretary Scott Bessent told CBS's “Face the Nation” Sunday that the two leaders will “consummate that transaction on Thursday in Korea.” If it happens, the deal would mark the end of months of uncertainty about the fate of the popular video-sharing platform in the United States. After wide biparti....
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....san majorities in Congress passed — and President Joe Biden signed — a law that would ban TikTok in the US if it did not find a new owner in the place of China's ByteDance, the platform was set to go dark on the law's January deadline. For a several hours, it did. But on his first day in office, Trump signed an executive order to keep it running while his administration tries to reach an agre....
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....ement for the sale of the company. Three more executive orders followed, as Trump, without a clear legal basis, continued to extend the deadline for a TikTok deal. The second was in April, when White House officials believed they were nearing a deal to spin off TikTok into a new company with US ownership that fell apart after China backed out following Trump's tariff announcement. The third came....
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.... in June, then another in September, which Trump said would allow TikTok to continue operating in the United States in a way that meets national security concerns. Trump's order was meant to enable an American-led group of investors to buy the app from China's ByteDance, though the deal also requires China's approval. However, TikTok deal is “not really a big thing for Xi Jinping,” said Bonn....
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....ie Glaser, managing director of the German Marshall Fund's Indo-Pacific program, during a media briefing Tuesday. “(China is) happy to let (Trump) declare that they have finally kept a deal. Whether or not that deal will protect the data of Americans is a big question going forward.” “A big question mark for the United States, of course, is whether this is consistent with US law since there....
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.... was a law passed by Congress,” Glaser said. About 43 per cent of US adults under the age of 30 say they regularly get news from TikTok, higher than any other social media app, including YouTube, Facebook and Instagram, according to a Pew Research Centre report published in September. Americans are also more closely divided on what to do about TikTok than they were two years ago. A recent Pew....
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.... Research Center survey found that about one-third of Americans said they supported a TikTok ban, down from 50 per cent in March 2023. Roughly one-third said they would oppose a ban, and a similar percentage said they weren't sure. Among those who said they supported banning the social media platform, about 8 in 10 cited concerns over users' data security being at risk as a major factor in their ....
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....decision, according to the report. The TikTok recommendation algorithm — which has steered millions of users into an endless stream of video shorts — has been central in the security debate over the platform. China previously stated the algorithm must remain under Chinese control by law. But a US regulation that Congress passed with bipartisan support said any divestment of TikTok must mean ....
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....the platform cut ties with ByteDance. American officials have warned the algorithm — a complex system of rules and calculations that platforms use to deliver personalized content to your feed — is vulnerable to manipulation by Chinese authorities, but no evidence has been presented by US officials proving that China has attempted to do so. (AP) GSP<BR> News - Press release - PIB....