Trump once again extends the deadline for Tiktok sale to avoid our ban | Business and Economic News


President Donald Trump has suspended enforcement of the law, demanding the evacuation of Tiktok in the United States or face a ban.

US President Donald Trump has Expand again The owner of popular video app Tiktok will be sold to non-Chinese buyers or banned in the United States.

The executive order announced on Friday will extend the deadline by 75 days. Trump had previously proposed a January deadline in a law passed by the U.S. Congress last year.

Trump posted on the Truth Social Network he owns: “My administration has been working to save the Tiktok deal and we have made great progress.”

“This deal requires more work to ensure that all the necessary approvals are signed,” he added.

“We look forward to working with Tiktok and China to complete the deal,” Trump said.

The 2024 law that has received support from both parties has been Require The platform dispatches the platform from Chinese technology companies or is prohibited in the United States on the grounds of data collection and national security issues.

Earlier this year, the U.S. Supreme Court ruled that national security focuses on concerns that go beyond freedom of speech and allows legal stances.

But on his first day of office, Trump signed an executive order to suspend the ban.

The order said the delay would give the Trump administration “a chance to determine appropriate routes in an orderly manner to protect national security while avoiding a sudden shutdown of communication platforms used by millions of Americans.”

The Trump administration has since received a series of offers from U.S. businesses seeking to buy the platform, but so far Bydedance has publicly insisted that it has no plans to sell the app.

Reuters reported that the government is focusing on a plan to provide brutal bets to the largest non-Chinese investors to increase its stake and acquire the U.S. operations of the app.

This would require the creation of a new U.S. entity for Tiktok and diluting China’s ownership to a threshold of 20% below the 20% required by U.S. law, the report said.

On one hand, Tiktok, whose headquarters in Singapore and Los Angeles, said it prioritizes user security, and the Chinese Foreign Ministry said the Chinese government has never and will not ask companies to “collect or provide data, information or intelligence abroad.”

Trump also surfaced Reduce tariffs China will reach 54% on April 10 after Wednesday’s reciprocity tariff announcement to push for a deal with Bondedance.

Tiktok, not owned by the Chinese government, has denied its influence, although critics point to Beijing’s increasing control over the country’s tech industry.

About half of the U.S. population uses Tiktok, making it one of the most popular social media platforms in the country.



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