WASHINGTON, April 4 (Reuters) - China's ByteDance faces

a Saturday deadline to sell the U.S. assets of TikTok to a

non-Chinese buyer, which was imposed by President Donald Trump

in January, or face a ban that was supposed to take effect in

January under a 2024 law.

Trump said Thursday his administration is "very close" to

reaching a deal on TikTok, with multiple investors involved.

A White House official said Friday "if there is any news to

be shared about the future of TikTok, President Trump will

announce it at a time of his choosing."

Trump made the comments a day after he announced a 10%

baseline tariff on all imports to the United States and higher

duties on some of the country's biggest trading partners.

China now faces a 54% tariff on goods imported into the U.S.

TikTok did not immediately respond to a request for

comment.

Reuters reported last week private equity firm Blackstone

is evaluating making a small minority investment in

TikTok's U.S. operations, according to two people familiar with

the matter.

The talks on the future of TikTok are coalescing around a

plan for the biggest non-Chinese investors in ByteDance to raise

their stakes and acquire the short-video app's U.S. operations,

Reuters reported last month.

Trump has said that his administration was in touch with

four different groups about a prospective TikTok deal, without

identifying them.