.S. President Donald Trump has decided to extend the TikTok ban deadline again by 75 days. Trump has posted on Truth Social that he is planning Friday
to sign a new executive order that will provide another 75-day extension to the parent company, ByteDance in order to sell the social media platform to a non-Chinese owner. His social media announcement was made public just a day before the TikTok ban was scheduled to become effective and impact millions of U.S. TikTok users.
Why is this the second time that ByteDance has received a 75-day extension to finalize a deal? The first TikTok ban deadline imposed by former U.S. President Joe Biden was scheduled for January 19, if its parent company was not able to close a deal with a non-Chinese buyer. After just 12 hours of the TikTok U.S. ban, the newly elected President, Donald Trump has signed an executive order to delay this ban and give it more time to find a pleasant deal.
“My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. 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.”, Donald Trump stated in his Truth Social post.
It should be mentioned that even if the first TikTok ban lasted only 12 hours, this social media app was also removed from both Apple and Google stores apps for a longer time.
Various U.S. companies have expressed recently their interest in buying TikTok from its parent, ByteDance, such as Oracle or Blackstone. There are other interested investors such as Perplexity or Amazon that want to purchase the U.S. TikTok operations but these two companies are not yet considered potential buyers.
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ByteDance, the Chinese TikTok owner needs to approve any TikTok deal before it can be finally sold to a non-Chinese buyer, but currently, the company has not been interested in any deal to sell TikTok as the TikTok U.S. ban executive law requires.
We don’t know yet if ByteDance will agree with any of these deals because Donald Trump has recently announced new tariffs including one on China of 34%. He initially stated that he was willing to reduce the Chinese tariffs to support the parent company in making a decision.
“We do not want TikTok to ‘go dark.’ We look forward to working with TikTok and China to close the Deal. Thank you for your attention to this matter!”, Donald Trump also stated.
Stay tuned to find out more about this TikTok U.S. ban situation!
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