President Trump signed an executive order extending the deadline for ByteDance, the parent company of TikTok, to sell its US operations for an additional 75 days. The order prevents the app from being banned and refrains from enforcing any removal requests from Apple and Google for the time being. Trump indicated his intent to negotiate a joint venture with a US entity, expressing confidence in TikTok's value remaining intact under US oversight, while awaiting ByteDance's response to his proposal.
Trump's executive order postpones the deadline for ByteDance to sell TikTok's U.S. operations, allowing 75 additional days for negotiation while keeping the app operational.
In a recent interview, Trump emphasized the need for careful consideration of the TikTok situation, suggesting a willingness to collaborate with ByteDance for a favorable outcome.
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