New Delhi, Sept. 16 -- President Donald Trump announced on Tuesday (September 16) that the United States and China have struck a deal that will allow TikTok to continue operating in America, potentially ending a months-long standoff over the app's ownership.

The agreement would transfer TikTok's US assets from its Chinese parent, ByteDance, to American owners.

Trump did not disclose the identity of the prospective US buyers but suggested details would emerge soon. The President's planned call with Chinese leader Xi Jinping later this week could finalize the arrangement.

"We have a deal on TikTok, I've reached a deal with China. I'm going to speak to President Xi on Friday to confirm everything up," Trump told reporters as he departed t...