Speaking to reporters aboard Air Force One, Trump used TikTok as an example of how tariffs can be used to negotiate with other countries.

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner looks at the looming deadline — again — for a US ban-or-sale of TikTok.

Trump said his administration was "very close" to a deal to find a buyer for TikTok, which faces a US ban if not sold by its Chinese owner by the weekend.

TikTok owner ByteDance Ltd. is set to be hit by a privacy fine of more than €500 million ($553 million) for illegally shipping European users’ data to China, adding to the growing global backlash over the video-sharing app.

TikTok is being hit with a €500 million fine—roughly $554 million—for secretly moving the personal data of European users straight into China, where engineers had access.

TikTok will reportedly face a fine of over €500 million ($553 million) for transferring Europeans' private data to China. Bloomberg said on Thursday that Ireland's data protection commission, which regulates TikTok owner ByteDance's EU operations,