Did Trump strike a deal with China about TikTok? Here's what we know

• President Trump is expected to have discussions about a potential TikTok deal with China this week.
• A deadline extension gives China-based ByteDance until Sept. 17 to divest U.S. assets of TikTok.

U.S. President Donald Trump is expected to discuss a potential TikTok deal with China this week, and the United States "pretty much" has a deal on the sale of the TikTok short-video app.

"I think we're gonna start Monday or Tuesday...talking to China, perhaps President Xi or one of his representatives, but we would, we pretty much have a deal," Trump told reporters on Air Force One en route to Trump National Golf Club Bedminster, New Jersey on Independence Day.

A deal to spin off TikTok's U.S. operations into a new U.S.-based firm, majority-owned and operated by U.S. investors, was in the works earlier this year, but it was put on hold after China indicated it would not approve it following Trump's announcement of steep tariffs on Chinese goods.

When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."

Here's the latest on what we know regarding a potential TikTok ban in the U.S. and a possible sale of the app.

Will TikTok be banned in the U.S.?

Trump last month extended the deadline for a TikTok ban to take effect, allowing the Chinese-owned social media platform to continue operating for 90 days.

Trump signed the executive order on June 19, marking the third time the president has authorized a delay.

The extension gives ByteDance, the parent company of TikTok, until Sept. 17 to secure a deal that satisfies a legal requirement.

Who is buying TikTok?

In a June interview on Fox News' "Sunday Morning Futures with Maria Bartiromo," Trump confirmed that his administration had identified a group of buyers for TikTok and would announce their names soon.

"We have a buyer for TikTok, by the way," Trump said. "I think I'll need probably China's approval. I think President Xi will probably do it." He said the buyer is "a group of very wealthy people" without providing additional details.

Contributing: Sarah D. Wire & Francesca Chambers, USA TODAY; Reuters

Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at [email protected].