TikTok will go darkish in U.S. with out Chinese approval of sale deal: U.S. Commerce Secretary

Lutnick, talking on CNBC, additionally mentioned the United States should management the algorithm that makes the social media platform work.

Last month, U.S. President Donald Trump prolonged by 90 days to September 17 a deadline for China-based ByteDance to divest the U.S. property of TikTok. Trump’s motion befell regardless of a 2024 regulation that mandated a sale or shutdown by January 19 this 12 months if there had not been important progress.

“China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm,” Lutnick mentioned.

“If that deal gets approved, by the Chinese, then that deal will happen. If they don’t approve it, then TikTok is going to go dark, and those decisions are coming very soon.”

TikTok didn’t instantly remark.

A deal had been within the works this spring that may spin off TikTok’s U.S. operations into a brand new U.S.-based agency, majority-owned and operated by U.S. buyers. This stalled after China indicated it could not approve it following Trump’s bulletins of steep tariffs on Chinese items.