The president said he would sign an executive order that lets the Chinese-owned video app stay online while talks continue on a sale, drawing out a years-long battle over its fate.

Trump's comments further pointed to a diminished appetite for sharply higher across-the-board tariffs on dozens of countries after markets reacted violently to their introduction on April 2.

A deal for TikTok to be purchased has stalled due to Trump’s tariffs on China. A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump’s tariffs announcement this week, according to two sources familiar with the matter.