1 week ago
8
Just ahead of the April 5th deadline for China-based ByteDance to sell TikTok or face a ban in the US, President Trump has announced he is signing an executive order to keep the social media platform “up and running for an additional 75 days.”
In a Truth Social post, Trump wrote, “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.”
“We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs (Necessary for Fair and Balanced Trade between China and the U.S.A.!),” Trump added. “This proves that Tariffs are the most powerful Economic tool, and 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.”
The Protecting Americans from Foreign Adversary Controlled Applications Act was signed into law by former President Joe Biden in April 2024 and unanimously upheld by the US Supreme Court just days before Trump began his second term. It originally required TikTok to divest from ByteDance by January 19th, 2025, but Trump signed a deal to extend the deadline by 75 days when he took office the next day.
With the new 75-day extension, ByteDance now has until mid-June.
Suitors who have reportedly expressed interest in buying TikTok include Amazon, Reddit co-founder Alexis Ohanian, private equity firm Blackstone, Andreessen Horowitz, the AI search engine startup Perplexity AI, and a startup run by OnlyFans founder Tim Stokely.
English (US) · 