President Trump indicated that he may extend the deadline for the sale of the TikTok app if a deal isn't finalized before the April 5 deadline. The executive order allows for a 75-day negotiation period, during which the Chinese-owned app must divest its ownership. Trump noted significant interest in TikTok and expressed hope for China's approval of a potential sale. He further suggested the formation of a US sovereign wealth fund as a buyer. National security concerns prompted Congress to mandate the divestiture of Chinese ownership in the app.
President Trump suggested he might extend the deadline for TikTok's sale if negotiations do not conclude by the April 5 deadline, citing ongoing interest in the app.
Trump emphasized that there is significant interest in TikTok and mentioned the possibility of a joint venture with China to address national security concerns.
In a bid to secure TikTok ahead of the 2024 election, Trump remarked on China's potential approval of a sale and the involvement of a US sovereign wealth fund in the process.
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