President Donald Trump declared TikTok “worthless” without U.S. government approval during remarks on Tuesday. He floated a controversial idea for prospective buyers: “Buy it and give half to the United States of America. Half, and we’ll give you the permit.”
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TikTok faces pressure to find a U.S. buyer due to a federal law banning its operation unless “significant progress” is made toward a sale.
An executive order signed by Trump on Monday grants a 75-day extension for a deal. China has criticized the U.S. stance, urging the creation of a fair business environment for all enterprises, according to Foreign Ministry spokesman Guo Jiakun.
