(The Hill) – President Trump suggested Monday that his administration has reached a deal on TikTok amid trade talks between the U.S. and China. 

“The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly,” he wrote on Truth Social. “A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save. They will be very happy!”  

“I will be speaking to President Xi on Friday,” he continued. “The relationship remains a very strong one!!!” 

A law requiring TikTok’s China-based parent company to divest from the app or face a U.S. ban was set to go into effect in January but has been repeatedly delayed by the Trump administration as the president has sought a deal. The latest extension is set to expire Wednesday.