President Donald Trump said on Friday that he would extend the deadline for the owner of Tiktok to find a non -Chinese buyer of 75 days, avoiding what could have been another disruption of the application.
Bytedance, the Chinese company which has Tiktok, must find a non -Chinese buyer for the application, otherwise it will be prohibited under a law adopted in 2024. Trump had already delayed the prohibition of the application via the executive decree during its first day in power, actually giving the derivation until April 5 – to comply with the law.
“My administration worked very hard on an agreement to save Tiktok, and we have made enormous progress,” he wrote in an audit article. “The agreement requires more work to ensure that all the necessary approvals are signed, which is why I point out an executive order to keep Tiktok operational for 75 days.”
Bytedance, who had previously declared that he had not planned to sell Tiktok, remained silent to find out if they were talks with bidders and did not publicly confirm that he would uninstall at all.
NBC News contacted Tiktok to comment.
“We don’t want Tiktok” going dark, “wrote Trump in his social article Truth.
He also referred to his recently imposed prices, saying that the administration hoped to “continue to work in good faith with China, which, I understand, are not very satisfied with our reciprocal prices (necessary for fair and balanced trade between China and the United States!). This proves that prices are the most powerful and very important economic tool for our national security! ”
Friday, China announced a rate of 34% on all products imported from the United States, degenerating the trade war Between the two biggest economies in the world.
Tiktok’s future in the United States has been in limbo since former President Joe Biden signed Bipartite legislation last year, legislators citing national security problems concerning the possibility that China has access to American user data.
The application has around 170 million American users.
Tiktok tried to challenge the ban, but the Supreme Court confirmed it in the last days of the Biden administration. At that time, however, Biden and Trump had started to distance himself from the ban, the first saying that he would leave the Trump administration.
The application was briefly dark in the United States just before the inauguration of Trump, but restored the service after the president reported that he would work with Bytedance to find a solution.
Trump held a White House meeting on Wednesday with vice-president JD Vance and a group of advisers to weigh Tiktok’s final offers.
Many potential bidders have expressed their interest in acquiring the popular social media platform in Bytedance.
These include the co-founder of Reddit, Alexis Ohanian, who joined the offer of billionaire Frank McCourt; Starting the Perplexity AI artificial intelligence engine; And the former Treasury Secretary of the Trump Administration, Steven Mnuchin.
On Wednesday, the Amazon electronic commerce giant and the mobile Applovin technology company became the last companies to throw their hat in the ring.
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