President Trump has signed another executive order to keep TikTok operating by giving the popular social video app owned by Chinas ByteDance another 75 days to find a buyer.
The TikTok parent had until April 5 to divest by finding a U.S. buyer. 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, Trump said on his Truth social media site.
News of the TikTok deadline extension came on the same day China announced it will impose a 34 percenttariffon all goods imported from the U.S. starting on April10 as part of escalating global tariff turmoil. 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.!) 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! Trump added in his post.
The previous Biden administration proposed a national ban on TikTok if its parent company didnt sell the platform. But incoming President Trump in January signed an earlier executive order to delay the implementation of the bill to require TikTokto divest.
Efforts to find a U.S. buyer for TikTok has produced apparent bidders, but as yet no definitive deal for ByteDance to spin off the social media app to avoid a U.S. ban.