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 Donald Trump claims the U.S. has "pretty much" reached a deal for the purchase of TikTok's U.S. assets, and negotiations with China are scheduled to start Monday or Tuesday.

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).