President Donald Trump has announced that a deal for the sale of TikTok's U.S. operations is expected to be finalized before the April 5 deadline. This deadline was initially set in January, mandating TikTok's Chinese parent company, ByteDance, to divest its U.S. operations or face a ban due to national security concerns.

Several non-Chinese buyers have shown interest in acquiring TikTok's U.S. operations. Private equity firm Blackstone is considering a small investment and plans to join existing non-Chinese shareholders led by Susquehanna International Group and General Atlantic in bidding for TikTok’s U.S. operations.

To facilitate the deal, President Trump has indicated a willingness to consider reducing tariffs on China if the Chinese government approves the sale.

Vice President JD Vance has expressed optimism about finalizing a deal by early April. The proposed agreement may involve changes to TikTok's algorithm and data storage practices to address national security concerns.