TikTok, a popular video-sharing application owned by the China-based company ByteDance, has faced significant legal and regulatory challenges in the United States.According to reports, the White House is getting closer to backing a deal that would allow US investors to acquire TikTok's American operations.

News of the offer emerged as Trump prepared to meet with senior officials to review the approaching cutoff for TikTok's sale.

President Donald Trump announced new tariffs at the White House. For context: Trump has blamed the U.S. trade deficit on “unfair” foreign trade barriers, complaints economists call exaggerated. Analysts warn he’s steering the economy toward slow growth and higher prices.

After TikTok was banned in the United States earlier this year, President Donald Trump gave the platform a reprieve, barreling past a law that was passed in Congress and upheld unanimously by the Supreme Court that said the ban was necessary for national security.

President Donald Trump is weighing a new proposal on how to get short-form video social media platform TikTok in compliance with a federal law requiring it to divest from Chinese ownership or face an effective ban in the United States,

Amazon.com has put in a last-minute offer to buy short-form video app TikTok, the New York Times reported on Wednesday, citing sources familiar with the matter. U.S. President Donald Trump will consider on Wednesday a final proposal related to TikTok ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a ban in the country,