President Donald Trump on Friday extended by 75 days a deadline for Chinese technology company ByteDance to sell U.S. assets of popular short video app TikTok to a non-Chinese buyer or face a ban that was supposed to have taken effect in January under a 2024 law.
Taking to Truth Social, Trump said, “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.”
Trump had set the deadline in January and was supposed to have expired tomorrow (Saturday).
“We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs (Necessary for Fair and Balanced Trade between China and the U.S.A.!). This proves that Tariffs are the most powerful Economic tool, and very important to our National Security! We do not want TikTok to “go dark.” We look forward to working with TikTok and China to close the Deal. Thank you for your attention to this matter!” Trump added.
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