00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump said the U.S. will begin negotiations with China as early as Monday or
00:06Tuesday on a potential deal involving TikTok. He stated, we pretty much have a deal,
00:12according to a Reuters report. Trump extended the deadline for TikTok's parent company,
00:16ByteDance, to divest U.S. assets to September 17th, marking the third extension since his
00:21return to office. The deal requires China's approval as TikTok has become a key issue
00:25in ongoing U.S.-China trade negotiations. Trump said he's not confident but optimistic that
00:31China will agree to the deal, citing his strong relationship with President Xi and mutual
00:35benefits. The potential deal arises amid U.S.-China tensions, with TikTok under U.S. scrutiny over
00:41data privacy and national security concerns. The outcome could reshape TikTok's presence in
00:45the U.S. and impact future Chinese tech operations and trade talks. For all things money, visit
00:50Benzinga.com.
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