President Donald Trump said the US was close to unveiling a plan that would spare the Chinese-owned social media app TikTok from a US ban, with multiple investors involved in discussions for a deal.

President Donald Trump on Thursday said he would consider a deal for TikTok where China approves the sale of the short video app in exchange for relief from U.S. tariffs on Chinese imports. Trump said that a deal is close on Tiktok,

While the deal is still in early discussions and subject to change, it comes just days before an April 5 deadline set by US law.

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.

The fine could be one of the largest handed down by Ireland’s Data Protection Commission, TikTok’s main European regulator. View on euronews

White House to purchase the social video app TikTok from its Chinese owners, according to a person familiar with the matter.The company sent its proposal in a letter to Vice President JD Vance, who’s heading efforts to help facilitate a sale of the US operations of the video platform ahead of a deadline later this week,

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.

TikTok ban deadline looming as Amazon, AppLovin and more TikTok bids announced. Will Bytedance, Trump strike deal to save TikTok in US? What to know