With time running out, President Trump announced a second 75 delay to the ByteDance divest-or-ban law.
With time running out, President Trump announced a second 75 delay to the ByteDance divest-or-ban law.
Donald Trump’s 75-day delay of the TikTok ban law taking effect would’ve expired this weekend, but on Friday, he announced on Truth Social that “I am signing an Executive Order to keep TikTok up and running for an additional 75 days.” Despite several publicly announced bids to buy TikTok, its Chinese owner, ByteDance, has shown no inclination to sell or reduce its stake in the company as required by the law passed last year.
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.!). 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. Thank you for your attention to this matter!
Developing…
