President Trump has signed an executive order extending TikTok's deadline to find American buyers by an additional 75 days. The decision signals that progress has been made on a deal, although more work is required to finalize all necessary approvals. Trump emphasized this effort through a post on Truth Social, connecting the ongoing negotiations with the introduction of new tariffs against trade partners like China, suggesting these measures could aid in concluding the deal successfully.
My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. 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.
The President signaled he intended to give the deal more time via a Truth Social post.
Trump suggests that the recently introduced suite of new tariffs against US trade partners like China will somehow help close the deal.
TikTok is going to get more time to figure out a plan to stay in the US. President Trump signing another executive order effectively extending the deadline for the company to find US buyers by another 75 days.
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