TikTok is going to get more time to figure out a plan to stay in the US. President Donald Trump is signing another executive order effectively extending the deadline for the company to find US buyers by another 75 days. The president signaled he intended to give the deal more time via a Truth Social post.
"My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," Trump wrote. "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's post suggests that the recently introduced suite of tariffs against US trade partners like China will somehow help close the deal. As part of the TikTok ban signed in to law by former President Biden in April 2024, TikTok's parent company ByteDance is forced to sell TikTok to a US buyer or get kicked out of US app stores and web hosting platforms.
After a good bit of back and forth over the legality of the ban, the Supreme Court ultimately upheld it, and left the enforcement of the law to the incoming Trump administration. TikTok was briefly unavailable, but Trump ultimately signed an executive order that delayed the enforcement of the ban by 75 days to give TikTok more time to find a buyer and get the app back up and running.
Multiple companies and groups have expressed interest in outright buying or investing in TikTok — reportedly, even Amazon — but no one has come to a deal that satisfies ByteDance or the Chinese government. It's not clear tariffs will change anyone's motivations, but if everyone continues to accept Trump's Justice Department just not enforcing the ban, than the whole ordeal seems like it could last as long as necessary.
This article originally appeared on Engadget at https://www.engadget.com/social-media/trump-is-extending-the-deadline-for-a-tiktok-deal-by-another-75-days-180526714.html?src=rss https://www.engadget.com/social-media/trump-is-extending-the-deadline-for-a-tiktok-deal-by-another-75-days-180526714.html?src=rssAutentifică-te pentru a adăuga comentarii
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