In a significant development regarding the future of TikTok, U.S. President Donald Trump announced on Thursday that the United States is nearing an agreement with China to transfer ownership of the popular social media platform to U.S. companies. Speaking at a joint press conference with British Prime Minister Keir Starmer in London, Trump hinted at a possible extension of the deadline for the divestiture of Chinese ownership, emphasizing that the terms of the deal remain favorable. ‘We’re pretty close to a deal. We may do an extension with China, but it’s an extension based on the same terms that we have right now, which are pretty good terms,’ Trump stated. The President also revealed plans to discuss the matter further with Chinese President Xi Jinping on Friday. This announcement follows Trump’s executive order issued on Tuesday, which delayed the enforcement of a 2024 law mandating the divestiture of Chinese ownership of TikTok until December 16. The ongoing negotiations underscore the complex geopolitical and economic dynamics surrounding TikTok, which has been at the center of debates over data privacy and national security. The potential deal could reshape the global social media landscape and set a precedent for future cross-border tech acquisitions.