A deal to spin off TikTok's U.S. operations into a U.S.-based firm was paused after China responded to Trump's announcements of tariffs on China. Trump's comments could add clarity to the future of the app in the United States.

President Trump said he will begin talks with China in the coming days about a possible deal on the sale of TikTok.

U.S. President Donald Trump says that his administration will begin discussions with China on Monday or Tuesday to reach a possible deal on the video-sharing app TikTok, owned by the Chinese firm ByteDance (BDNCE).