Vice President Vance has announced that a deal for TikTok will be reached before the looming Saturday deadline for the app’s ban. This comes after a closed-door meeting between President Trump and top aides to discuss potential investors.
In a Thursday morning interview with Fox News, Vance expressed confidence that a resolution will be reached in time. “It’ll come out before the deadline,” he stated. “We’ve got to wait a couple days to continue working on it, but I’m confident that we will have a deal in place.”
The popular video-sharing app has been at the center of a political storm in recent months, with the Trump administration citing national security concerns as the reason for the proposed ban. However, the app’s parent company, ByteDance, has been in talks with various American companies to find a solution that would satisfy both the US government and TikTok’s millions of users.
President Trump’s meeting with top aides, including Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo, was seen as a crucial step in finalizing a deal. The President has previously expressed his support for a potential acquisition of TikTok by a US company, stating that it would be a “great deal for America.”
The deadline for a deal to be reached was set for September 20th, after which the app would be banned from US app stores. This has caused concern among TikTok’s large user base, many of whom have built careers and communities on the platform. However, with Vice President Vance’s assurance that a deal will be reached before the deadline, there is hope that the app will continue to be available to American users.
The potential investors in the deal have not been officially announced, but reports suggest that tech giant Oracle and retail giant Walmart are among the leading contenders. Both companies have declined to comment on the ongoing negotiations.
The proposed deal would involve the creation of a new company, TikTok Global, which would be headquartered in the United States. This would address the US government’s concerns about the app’s data being stored and accessed by a foreign company.
In addition to the creation of TikTok Global, the deal is also expected to include a commitment to create 25,000 new jobs in the US. This would be a significant boost to the American economy, especially during these challenging times.
The potential deal has received support from both sides of the political spectrum, with lawmakers from both parties expressing their approval. Senator Marco Rubio, a Republican from Florida, stated that the deal would be a “positive development” and would address the national security concerns surrounding TikTok.
The news of a potential deal has also been welcomed by TikTok’s users, who have been anxiously waiting for a resolution. Many have taken to social media to express their relief and gratitude towards the efforts being made to save the app.
In conclusion, Vice President Vance’s announcement that a deal for TikTok will be reached before the Saturday deadline is a positive development for all parties involved. It shows that the US government is committed to finding a solution that addresses both national security concerns and the interests of TikTok’s users. With the ongoing negotiations and support from both sides, there is hope that a deal will be finalized in time, allowing TikTok to continue to thrive in the United States.
