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Title: Update on TikTok's Potential Sale to a "Very Rich Group" and Trump's Tariff Decisions

In a recent interview with Fox News, President Donald Trump announced that the U.S. government has found a buyer for TikTok who will be revealed within approximately two weeks. The president stated that this group consists of "a very rich set of people," and he anticipates receiving approval from Chinese President Xi Jinping due to their mutual interest in the deal.

Background Information on TikTok

TikTok, a popular social media platform owned by Bytedance, was ordered last year to find a new owner for its American operation or risk facing a ban. This decision came as a result of concerns from politicians that sensitive information on Americans may be transmitted to the Chinese government. However, Bytedance has repeatedly denied such allegations.

The Initial Deadline and Extensions

TikTok originally had a deadline of January 19 to find a buyer, but this date came and went without any announcement. As a result, many users were shocked when TikTok temporarily "went dark" for several hours before being restored. Since then, President Trump has extended the deadline on multiple occasions, with the latest extension occurring on June 19, pushing the deadline to September 17.

Potential Buyers and Ongoing Negotiations

Trump's latest comments suggest that a group of individuals may come together to take control of TikTok in the U.S. Rumors regarding potential buyers include YouTube celebrity M. Beast, U.S. search engine startup Perplexity AI, and Kevin O’Leary, an investor on Shark Tank (the American version of Dragons' Den).

ByteDance stated in April that they were still negotiating with the American government, but there have been "variations on many key questions." It is believed that any agreement must be approved by the Chinese government.

Tariff Decisions and Their Impact

In other news, President Trump's interview with Fox News also addressed the upcoming end of the tariffs on imported goods from China. On April 9, he granted a 90-day stay for countries threatened with a tariff of more than 10% to give them time to negotiate. Deals have already been reached with certain countries, including the UK.

The president stated that he does not believe he should delay the July 9 deadline and that letters will be sent soon to indicate which tariff each country will face. He explained that they would evaluate the trade deficit between the U.S. and a given country, as well as how the country treats the U.S., before determining the appropriate tariff.

"We'll look at the deficit we have-or something with the country; we'll look at how the country treats us-are they good, they don't seem to be so good. Some nations, we do not care-we will merely send a high quantity," he said. "But we're going to send letters starting very soon. We don’t have to meet, we've got all of the figures."

The president announced these tariffs in April, arguing that they would correct an unfair business relationship and prevent prosperity from flowing towards American industries such as automobile manufacturing.

Conclusion

In summary, President Trump has announced that a buyer for TikTok will be revealed within approximately two weeks, and the deal is likely to receive approval from Chinese President Xi Jinping. Rumors regarding potential buyers include YouTube celebrity M. Beast, U.S. search engine startup Perplexity AI, and Kevin O’Leary. Additionally, President Trump has granted a 90-day stay for countries threatened with tariffs of more than 10%, and letters will be sent soon to indicate which tariff each country will face. These decisions are part of an effort to correct an unfair business relationship and prevent prosperity from flowing towards American industries such as automobile manufacturing.