President Donald Trump boasted that he would save the popular social media platform TikTok from a ban in the U.S. And that still could happen. However, according to those close to the talks, negotiations between the U.S. and TikTok's parent company, the China-based ByteDance, have stalled.

TikTok’s Chinese owner is slow-rolling negotiations for a sale, as the Trump administration seeks to broker a deal.

The sale of TikTok, owned by China-based company ByteDance, is being delayed as the company waits for approval from the Chinese government, according to a report in The Washington Post. This comes amid a race by allies of President Donald Trump to facilitate the sale of the app to an American entity,