Trump extends the Tiktok ban deadline by 75 days

President Donald Trump has extended the deadline for the ban on Tiktok by 75 days. Trump Share Publication on Truth Social On Friday, stating that he signed an enforcement order to allow more time to finalize a transaction. The message comes only one day before the ban will take effect.

“My administration works very hard on a deal to save the Tittok and we have made great progress,” Trump writes. “The transaction requires more work to ensure that all necessary approvals have been signed, which is why I sign an enforcement order to maintain Tiktok and run for an additional 75 days.”

Today’s message marks a second time that Trump extends the deadline for the ban on Tiktok. The initial Bytedance period for the sale of Tiktok operations was on January 19, according to a law signed last year by former President Joe Biden. Trump, however signed an enforcement order On his first day in the office to give the company another 75 days to make a deal.

Before signing the execution order, Tiktok was briefly offline and removed from Apple and Google App stores before it was eventually restored.

Bloomberg reports Trump reviewing a suggestion From a group of US investors, including, Oracle, Blackstone and Andreessen Horowitz on Wednesday. The proposal is reported to be considered a major contender for a potential transaction. Other stakeholders include Amazon., Perplexitybillionaire Frank McCurt Project ConsortiumWalmart, ApplovinAnd even more.

It is worth noting that the Chinese government will have to approve any transaction before it can be finalized. In addition, Bytedance is not interested in selling Tiktok or reducing its share on the social network, as required by the Tiktok Prohibition Act.

This move comes a few days after Trump has announced the fast tariffs, in which he imposed a 34% tariff rate of China. Trump has previously stated that he can Reduce tariffs for China To facilitate a deal with Tiktok.

In his publication, announcing the extension of the deadline for banning Tiktok, Trump said: “We hope to continue working in good faith with China, which I understand, are not very happy with our reciprocal rates (needed for honest and balanced trade between China and the US!) China to close the deal.

As a revenge on the tariffs, China said on Friday that it would imposes a tariff with 34% on imports of all American products.