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

President Donald Trump has floated tariff relief for China in exchange for the country’s approval of a deal to sell TikTok to a U.S. buyer. That proposal has predictably been panned by Democrats and Republicans alike.

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,

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.

Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.

Mobile technology company AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it, according to people familiar with the matter, joining a flurry of suitors for the video-sharing app.

Amazon has placed a bid on TikTok, as the April 5 deadline nears for a potential sale of the social media company. If a deal does not emerge, the popular app could face a nationwide ban.