President Donald Trump said that his Chinese counterpart Xi Jinping had given approval to a sale of TikTok’s US operations to American investors, though he acknowledged that some final steps still need to be worked out.
“I had a great call with President Xi and as you know, and approved the TikTok deal, and we’re in the process,” Trump told reporters at the White House hours after speaking with the Chinese leader. “We look forward to getting that deal closed.”