The hugely popular video-sharing app, which has more than 170 million American users, is under threat from a US law that passed overwhelmingly last year and orders TikTok to split from its Chinese owner ByteDance or get shut down in the United States.
Motivated by national security fears and widespread belief in Washington that TikTok is ultimately controlled by the Chinese government, the law took effect on January 19, one day before Trump's inauguration.
But the Republican president quickly announced a 75-day delay and TikTok subsequently restored service to existing users, returning to the Apple and Google app stores in February.
The president also suggested TikTok could even be part of a broader deal with China to ease the stinging tariffs he imposed on Beijing as part of a worldwide blitz of levies.
“We have a situation with TikTok where China will probably say we'll approve a deal but will you do something on the tariffs. The tariffs give us great power to negotiate,“ he added.
Additional US investors, including Oracle and Blackstone, the private equity firm, would be brought on to reduce the proportion of Chinese investors.
What about the algorithm?
The arrangement would however go against the spirit of the law, which is in part based on the premise that TikTok's algorithm can be weaponized by the Chinese against US interests.
Other proposals include an initiative called “The People’s Bid for TikTok,“ launched by real estate and sports tycoon Frank McCourt’s Project Liberty initiative.
Trump, though he supported a ban in his first term, has lately become a TikTok defender, seeing it as a reason more young voters supported him in November's election.
One of his major political donors, billionaire Jeff Yass, is a major stakeholder in parent company
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