Ahead of an April 5 deadline, President Trump signed an executive order extending the deadline for ByteDance to sell TikTok by 75 days. Trump stated that their administration has made significant progress on a deal to save TikTok, emphasizing the importance of tariffs and the relationship with China. The Protecting Americans from Foreign Adversary Controlled Applications Act mandates the divestment of TikTok by January 2025, but with the extension, ByteDance now has until mid-June to reach an agreement. Several potential buyers have emerged, including notable firms and entrepreneurs.
Just ahead of the April 5th deadline for China-based ByteDance to sell TikTok or face a ban in the US, President Trump has announced he is signing an executive order to keep the social media platform "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.!)," Trump added. "This proves that Tariffs are the most powerful Economic tool, and very important to our National Security!
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