US President Donald Trump has extended a 75-day stay on the social media platform TikTok’s ban in the US. Trump posted a message on his social media platform Truth Social on Friday saying he was signing the order to give more time to finalize a deal to separate TikTok’s US business from its Chinese parent ByteDance. The announcement came just one day before the ban was set to go into effect.
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«”My administration has worked very hard on the TikTok rescue deal, and we have made tremendous progress. The deal needs more work to ensure all necessary agreements are signed, so I am signing an executive order to keep TikTok running for another 75 days,” Trump wrote.
This is the second time Trump has extended a delay in TikTok’s ban in the U.S. The original deadline for ByteDance to sell TikTok’s U.S. assets was January 19, under a law signed last year by former President Joe Biden. However, on his first day as the new U.S. president, Trump signed an executive order to give the company another 75 days to complete the deal. Before signing the order, TikTok was briefly unavailable for use in the U.S., and the platform’s app was removed from the Apple and Google app stores. But access has since been restored.
According to Bloomberg, Trump on Wednesday considered a proposal from a consortium of American investors, including Oracle, Blackstone and Andreessen Horowitz. The proposal is reportedly considered the leading contender for a potential deal. Amazon, Perplexity, billionaire Frank McCourt’s Project Liberty consortium, Walmart, AppLovin and others are also interested in buying TikTok.
ByteDance confirmed it is in talks with the US government about plans to keep TikTok operating in the US, shortly after President Donald Trump extended a stay on the platform’s ban in the country. The company said in a statement on Friday that a number of key issues still need to be resolved and that any agreement would need to be approved under Chinese law.
The new extension to the TikTok ban in the US comes days after Trump announced new import tariffs, with China set at 34%. Trump had previously said the tariff issue could be used as leverage to influence China’s position on the TikTok deal.
«We look forward to continuing to work in good faith with China, who I understand is not very happy with our mutual tariffs (necessary for fair and balanced trade between China and the US!). This proves that tariffs are the most powerful economic tool and are 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,” Trump wrote in his message about extending the extension of the TikTok ban in the US.