Lutnick is referring to the potential deal to sell the majority of TikTok to U.S. investors, which President Trump recently said was all but done, with the buyer being "secured" on the U.S. side. Trump did say at the time that China has to approve such a deal, and now it seems his administration is running out of patience.

Last month, President Trump extended by 90 days to Sept. 17 a deadline for China-based ByteDance to divest the US assets of TikTok.

TikTok will go dark in the U.S unless China agrees to a deal that giving U.S. owners majority control over the video app, Commerce Secretary Howard Lutnick said.