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.

ABOARD AIR FORCE ONE, July 4 (Reuters) - U.S. President Donald Trump said on Friday he will start talking to China on Monday or Tuesday about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app.

President Trump announced that the U.S. will begin formal discussions with China early next week regarding a potential deal for TikTok. The proposed deal involves spinning off TikTok's U.S. operations into a new American-owned entity,