Trump extends the deadline for the sale of tiktok to the non -Chinese buyer to avoid the ban | Donald Trump

Donald Trump said he would sign an executive decree to extend the deadline for Tiktok’s ban. This is the second time that the president will delay the ban or sale of the application on social networks, and the holder of the deadline at 75 days.

Tiktok’s agreement “requires more work to ensure that all the necessary approvals are signed,” Trump announced on his Truth social platform on Friday.

Bytedance, Tiktok’s parent company, has published a statement in response to the decree: “Bytedance was in discussion with the US government concerning a potential solution for Tiktok US An agreement has not been executed. There are key questions to be resolved. Any agreement will be subject to approval under Chinese law. ”

The congress adopted a law last year, forcing Tiktok to give in or to sell its assets in the United States. The law stems from the concerns that the Chinese owner of the application, Bytedance, could use the social media platform to manipulate the Americans. The first deadline to prohibit or force the sale of the application was January 19. But, during his first day in power, Trump signed an executive decree to delay this decision until April 5. Now the new deadline will be in mid-June.

Earlier this week, the president met potential buyers for Tiktok and said that his administration was “very close” to an agreement. Among those who have been thrown into offers are a consortium of investors led by the Oracle software giant, the director of assets Blackstone, Amazon, Walmart, the billionaire Frank McCourt, a cryptographic foundation and the founder of the adult website only.

Tiktok is an extremely popular social media application with 170 million users in the United States. Investors and companies see a huge call for the possession of the application and its secret algorithm.

Bytedance said that he did not intend to sell Tiktok and that in previous court documents said that a deactivation was simply not possible: not commercially, not technologically, not legally “.

After announcing radical prices on dozens of countries, Trump hinted on Thursday on board the Air Force One that he could reduce commercial penalties on China if Bytedance should approve a sale. The country faces a rate of 54% on goods imported into the United States. “We have a situation with Tiktok where China will probably say that we will approve an agreement, but will you do something about the prices. The prices give us great power to negotiate,” he said.

In his social article of truth on Friday, Trump reiterated this feeling, saying: “We hope to continue working in good faith with China, which I understand are not very happy with our reciprocal prices (necessary for fair trade and balanced between China and the United States!).

Pass the promotion of the newsletter after

After promoting the newsletter

“We don’t want Tiktok to” go dark, “he said. “We are impatient to work with Tiktok and China to conclude the agreement. Thank you for your attention to this business! ”