U.S. President Donald Trump on Tuesday announced an agreement with China to keep TikTok operating in the United States.

The agreement requires TikTok's American assets to be transferred to U.S. owners from China's ByteDance, potentially resolving a saga that has lingered for nearly a year.

A deal for the popular social media app, which counts 170 million U.S. users, would represent a breakthrough in months-long talks between the world's two biggest economies as they seek to defuse a wide-ranging trade war that has unnerved global markets.

"We have a deal on TikTok ... We have a group of very big companies that want to buy it," Trump said at a White House briefing, without providing further details. The announcement comes a day before a Sept. 17 deadline to sell or shut down the short vi

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