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Lawmakers, Experts Warn Against CCP-Linked Funds Fueling Anti-US Tech Push

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President Donald Trump told reporters on Friday that U.S. officials would begin talks with China about a potential TikTok deal next week.

Trump stated that the United States “pretty much” has a deal for the sale of TikTok’s U.S. operations, but noted that it will likely require approval from the Chinese Communist Party (CCP) in order to proceed.

“I think we’re gonna start Monday or Tuesday talking to China, perhaps President Xi or one of his representatives,” he told reporters aboard Air Force One, referring to CCP leader Xi Jinping.

When asked if he was confident that China would approve the sale of the video-sharing application’s U.S. operations, Trump said that he believed it would benefit both countries.

“I’m not confident, but I think so. President Xi and I have a great relationship,” Trump said. “I think the deal is good for China, and it’s good for us.”

Last month, Trump <a href="https://www.theepochtimes.com/us/trump-signs-executive-order-to-extend-tiktok-deadline-by-another-90-days-5875431" target="_blank" rel="nofollow noopener">signed</a> an executive order extending the deadline for ByteDance, TikTok’s Beijing-based parent company, to divest the app’s U.S. assets until Sept. 17. The app could face a nationwide ban under a federal divest-or-ban law if the company fails to do so.

In response, TikTok <a href="https://newsroom.tiktok.com/en-us/statement-from-tiktok-on-executive-order" target="_blank" rel="nofollow noopener">thanked</a> Trump for extending the deadline, saying that it would “continue to work with” Vice President JD Vance’s office on securing a deal. The short video-sharing app is estimated to have 170 million American users and is used by 7.5 million U.S. businesses.

The recent extension was the third time Trump had granted a reprieve to the enforcement of a law that Congress passed in 2024 mandating that ByteDance divest itself of its ownership of TikTok by January, or the application will go dark in the United States. Lawmakers cited national security concerns due to ByteDance’s ties to the CCP.

Trump <a href="https://www.theepochtimes.com/us/trump-says-he-found-a-buyer-for-tiktok-5879928" target="_blank" rel="nofollow noopener">told</a> Fox News on June 29 that he has found a buyer for TikTok and plans to announce the buyer—whom he described as “a group of very wealthy people”—within two weeks.

The president previously <a href="https://www.theepochtimes.com/china/trump-says-china-almost-approved-tiktok-deal-before-tariffs-5837908" target="_blank" rel="nofollow noopener">said</a> that the CCP was close to approving a deal for the sale of TikTok but backed out due to the tariffs he imposed on Chinese imports.

“We had a deal pretty much for TikTok—not a deal but pretty close—and then China changed the deal because of the tariffs,” Trump told reporters on Air Force One on April 6. “If I gave a little cut in tariffs, they’d approve that deal in 15 minutes, which shows you the power of tariffs.”

The two nations <a class="article-hover-class" href="https://www.theepochtimes.com/us/us-and-china-agree-to-slash-tariffs-for-90-days-5856256" target="_blank" rel="nofollow noopener">reached</a> an agreement in May to temporarily pause their trade measures on one another and cut reciprocal tariffs for 90 days amid ongoing trade talks.

TikTok has faced scrutiny amid concerns that the CCP could potentially access U.S. consumer data and the algorithm owned by ByteDance.

<em>Jacob Burg contributed to this report.</em>

<em>From <a href="https://www.theepochtimes.com/us/trump-says-us-will-hold-talks-with-china-on-possible-tiktok-deal-next-week-5883036">The Epoch Times</a></em>

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