O’Lery Ventures Chairman Kevin O’Leeri and Grristians CEO John Catsimatidis join ‘Morning with Maria’, who discuss the latest news on the US ban on Tiktok and how can Trump’s executive order affect the economy.
President Trump Said that the United States has made a deal to acquire Tikok’s American assets for a company “too much” and plans to start negotiations with China this week.
“I think we are going to start on Monday or Tuesday … talking to China, perhaps President Xi or a representative of him, but we have a lot,” Trump asked reporters at Air Force One to go to his house in Bedminster, New Jersey on Friday.
This deal will require Approved by ChinaTrump said, he believes that the agreement will benefit both countries.
President Trump expanded the deadline for the Tiktok ban for another 90 days
President Donald Trump said that the United States has reached a deal for an American company, which is planning to buy Tikok’s US property and start a conversation with China. (Reuters/Deaddo Ruvik/File Photo/Reuters)
“President Xi and I have a great relationship, and I think it’s good for them,” he said. “I think this deal is good for China, and it’s good for us.”
‘Tikok Back’: Trump teases the future of social media app
Last week, during an interview with Maria Bartiromo on Fox News “Sunday Morning Futures”, the President indicated that he found that he found American buyer For the social media app, they describe them as “very rich people”.
“We have a buyer For tiktokBy the way, “Trump said.” I think I will probably need China’s approval. I think President Xi probably will do this. ,
President Donald Trump spoke to reporters in the Air Force after going on his way on his way on Joint Aadhaar Andrews, MD, Bedminster, NJ, July 4, 2025. (Brendon Smiyalowski / AFP Getty Image / Getty Image)
Last month, Trump extended the deadline for bidence for the third time, which the Chinese company developed Tiktok, to divide American assets of the video-sharing app. According to Reuters, there is a bidance until 17 September to find an American buyer.
Apple and Google Tiktok Rinse the ability to download app
The US came closer to a deal with Chinese-owned Ticketkok to close its American operations in a new company owned by American investors earlier this year, but the Chinese government said it would not agree to it, citing it citing it. Trump administration tariffAccording to a report.
Chinese President Xi Jinping and US President Donald Trump attend a welcome ceremony on 9 November 2017 in Beijing, China. (Thomas Peter/Pool/Getty Image/Getty Image)
Tiktok, which has about 170 million active monthly users in the US, first needed to close the operation by 19 January. Trump signed an executive order at that time, extending the Tikok deadline for another 90 days. A second extension was released in April and a third was signed in June.
In April 2024, Americans protected from the Foreign Adverse Control Application Act passed by the Congress in April 2024 to separate Tikokkok from either biases or from US-based app stores and hosting services.
In passing the law, the Congress cited concerns over the Chinese ownership of the app, which the members said that the application had a large amount of user data to make weapons or use weapons.
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The White House and Ticketkok did not immediately respond to the request of Fox News Digital for comments.
