Unless China agrees to sell the control of TikTok's US business, TikTok will be banned in the US, US Commerce Secretary Howard Lutnick stated. Last year, the US Congress passed a bill stipulating that unless TikTok's parent company ByteDance proceeds with a sale, TikTok will be banned. Related NewsCaixin Manufacturing PMI for Jul in China is 49.5, lower than the previous value of 50.4. The forecast was 50.2.US President Donald Trump extended the sale deadline for the third time, with the latest deadline set for September 17.