The White House has examined a menu of options to avert a TikTok ban deadline set for Saturday. One proposal — letting TikTok’s Chinese owner lease the algorithm to a TikTok spinoff in the U.S. — would probably face resistance from China hawks in Trump’s party.

President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America, part of his effortsto broker a deal to keep TikTok alive in the U.S., according to a person close to the discussions.

In just over a week, the wildly popular app TikTok will be banned in the U.S. unless a deal to sell it us made or Trump extends the deadline again.

Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,

Trump says that the 5 April deadline for ByteDance to sell TikTok, or face a ban in the US, could be extended if needed. View on euronews

As the deadline to strike a deal over TikTok approaches this week, President Donald Trump has signaled that he is confident his administration can broker an agreement with ByteDance, the social media app's China-based parent company.

TikTok is generating headlines again this week as President Donald Trump was expected to be meeting Wednesday with aides about an investment deal that could keep the Chinese-controlled platform running in the U.