Upon taking office, President Trump signed multiple executive orders, one of which affects TikTok. The order delays the enforcement of a law that would impact foreign applications for 75 days, allowing TikTok the necessary time to negotiate a potential deal. In this context, Trump proposed a joint venture that would allow US interests to acquire a 50% stake in TikTok. Despite a brief outage of the app, it was confirmed that there will be no liability for companies supporting TikTok prior to the order and there's openness from China regarding a potential arrangement.
Trump affirmed that there would be 'no liability for any company that helped keep TikTok from going dark before his order,' signaling support for US TikTok operations.
The executive order allows TikTok 75 more days to negotiate a potential deal, with Trump proposing US interests take a 50% stake in the company.
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