Shortly after Monday’s inauguration ceremony, President Donald Trump signed an executive order to extend the deadline for ByteDance to sell TikTok’s US operations, preventing the app from going dark for an additional 75 days. which will ban the app and require companies like Apple and Google to remove it from the app store. TikTok did not immediately respond to a request for comment. Days before the Jan. 19 deadline, Trump suggested he “shelve” the application once he becomes official. In an interview with Kristen Welker on NBC News on Friday, Trump said he would give ByteDance more time to find a buyer, but did not explain how he planned to do it. “We have to check carefully. The situation is very big,” he said. In a Truth Social post on Sunday, Trump confirmed that the extension would be done through an executive order allowing his administration to negotiate a deal with ByteDance. In the post, Trump said he would pursue a 50 percent joint venture agreement with ByteDance, preferably with a US entity. [stay] up,” Trump wrote. “Without US approval, there is no TikTok. With our agreement, it is worth hundreds of billions of dollars – maybe trillions. At Monday’s signing ceremony, Trump said he thought TikTok CEO Shou Zi Chew would be “very happy.” Trump said private companies could participate in financing the negotiations. “I think you have a lot of people who will be interested in TikTok with the United States as a partner,” he said. The executive order itself did not mention the divestment, but said that the 75-day reprieve is for “an opportunity to determine the appropriate path to move forward in an orderly manner. On Friday, the court established a law that forces the sale of TikTok to its American owners to avoid a worldwide ban The decision was made just two days before midnight on Saturday, when the app was no longer available to US users similarly, Apple and Google removed the app from the app store, other apps owned by ByteDance, including CapCut, and Marvel Snap, were also removed. TikTok was down about 15 hours before the company issued a statement announcing its return. We thank the President Trump is due to provide the necessary clarity and assurance to service providers that they will not face penalties that provide TikTok to more than 170 million Americans and allow more than 7 million small businesses to thrive,” the company said Sunday afternoon. anger from both sides of the aisle. “In Washington DC doing meetings trying to get rid of this TikTok ban,” wrote Soulja Boy, in a post on X over the weekend. The rap artist is in town to perform at the crypto industry’s inaugural party. Various American financiers are considered to be buying the app, including former Los Angeles Dodgers owner Frank McCourt and former Trump Treasury Secretary Steven Mnuchin. The Liberty McCourt project made its official bid after the Supreme Court announced its decision. Elon Musk’s name has also been floated in talks about a deal with the Chinese government, according to Bloomberg. On Monday, Trump suggested that he may impose retaliatory tariffs on China if the Chinese government refuses to negotiate a deal to resolve the US government’s national security issues. TikTok. “I’m not saying that, but you can certainly do it,” he said.
