President Trump recently said he found a buyer for TikTok, the controversial Chinese-owned short-video app but his real problem is with the seller, On The Money has learned.
TikTok is being used as a pawn in the US-Chinese trade negotiations by Beijing, which knows that Trump wants the app to remain operating in the US, according to people with knowledge of the matter.
There will be no sale of TikTok to American investors — a move that is needed to conform to a US law that bans the app from operating domestically — until Chinese President Xi Jinping is confident he has extracted as much as he can in terms of a favorable trade deal with the White House, these people add.
Chinese President Xi Jinping will extract as much as he can in terms of a favorable trade deal with the White House, sources told On The