Trump will extend the deadline for banning Tiktok by 75 days

President Donald Trump has extended the deadline for the Tiktok ban for 75 days. Trump I shared a post about the True Society On Friday he said he was signing an executive order to make sure he had more time to finalise the deal. The announcement will be made one day before the ban is scheduled to come into effect.

“My administration has worked very hard to save Tiktok, and we have made great strides,” Trump wrote. “This transaction requires more work to ensure that all necessary approvals are signed, which is why we are signing an executive order to keep Tiktok up and running for another 75 days.”

Today’s announcement marks the second time Trump has extended the deadline for the ban on Tiktok. According to a law signed by former President Joe Biden last year, the original deadline for Byte Dance to sell Tiktok’s US business was January 19th. But Trump I signed an executive order On his first day of office, he will make another 75 days of transactions with the company.

Before signing the executive order, Tiktok was temporarily filmed offline and removed from the Apple and Google App stores before it was eventually restored.

Bloomberg reports Trump I reviewed the suggestion On Wednesday, from a group of US investors including Oracle, Blackstone and Andreessen Horowitz. The proposal is reportedly considered a top candidate for a potential deal. Other stakeholders include Amazon, Confusedbillionaire Frank McCourt’s Project Liberty Consortium, Walmart, Applovinand more.

It is worth noting that the Chinese government must approve the transaction before finalizing it. Furthermore, bytedance has not expressed interest in reducing Tiktok’s sales or interest in social networks, as required by the Tiktok Prohibition Act.

The move comes days after Trump announced the sweeping fees, where he imposed a 34% tariff rate on China. Trump previously said he might do so. Reducing China’s tariffs To promote Tiktok trading.

In his post, announcing an extension of the deadline for the Tiktok ban, Trump said, “We want to continue our work with China in good faith, and we understand that we are not very satisfied with what is necessary for our mutual tariffs (which are fair and balanced trade between China and the United States.” We look forward to working with Tiktok and China.

In retaliation against tariffs, China said on Friday it would do so. We will impose a 34% customs duties About imports of all US products.