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Cnn
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President Donald Trump announced on Friday that he would again delay the application of the Tiktok Sale-Or Ban law for 75 days, while his staff continue to work on an agreement to preserve access to application in the United States.
“My administration worked very hard on an agreement to save Tiktok, and we have made huge progress. The agreement requires more work to ensure that all the necessary approvals are signed,” said Trump in an article on Truth Social.
The announcement comes just one day before the entry into force of the ban, after Trump is delayed by the first 75 days when he took office in January.
Former President Joe Biden signed a law last year, which demanded that the mother -based Tiktok, bytedance mother -based company, to divest the application or to face an American ban on national security problems. The law had to come into force in January, but Trump said that he would delay his application in the hope of reaching an agreement to maintain the “alive” application.
Trump and Vice -President JD Vance – which has been exploited with the management of the Tiktok transmission effort – said in recent days that they expected a agreement by the deadline of April 5. Familiar sources with the White House discussions told CNN earlier this week that Trump staff were considering an agreement that would involve selling most of Tiktok’s American assets to the Oracle technological company and other American investors, leaving Bytedance with a minority participation in the application.
Trump did not propose any details on the potential agreement in his Friday article, but said that more time is necessary to finalize it.
Trump’s promise to delay the application of the ban will likely mean that the 170 million American users of Tiktok can continue to use the popular abstract video application in the predictable future.
But the delay in the conclusion of an official agreement raises questions about the long -term future of the application.
Despite the additional time and at least a handful of interested parties who have expressed interest in buying Tiktok, the Chinese government has given little public indication that it would be willing to approve a sale. And the United States and China are now in the middle of an escalation of the trade war, the two parties increasing the prices, despite a suggestion of Trump according to which it could reduce prices on Chinese imports if Beijing accepted a Tiktok agreement.
“We hope to continue working in good faith with China, which, I understand, are not very satisfied with our reciprocal prices,” said Trump in his article, adding: “We don’t want Tiktok” becoming dark “.
“We look forward to working with Tiktok and China to conclude the agreement,” he said.
Tiktok did not immediately respond to a request for comments.
A spokesperson for Bytedance said that Tiktok’s parent company “had been in discussion with the American government concerning a potential solution for Tiktok US”, a rare recognition of the company that it is engaged in talks with the White House.
“An agreement has not been concluded.
We do not know how the members of the Congress – who largely agreed on a bipartite basis last year that the application posed a risk of national security, an opinion that the Supreme Court confirmed unanimously – could respond to a second delay.
For an agreement to comply with the law, Bytedance cannot hold more than 20% of the platform. It also indicates that the American application operations cannot coordinate with Bytedance on algorithm or application data sharing practices.
Tiktok was offline in the United States the day before the day of the inauguration for about 14 hours. When he returned online, the application had a message thanking Trump for saying that he would delay the application of the ban.
“We will work with President Trump on a long-term solution that keeps Tiktok in the United States,” said Tiktok at the time.
Tiktok CEO, Shou Chew, attended the inauguration of Trump, sitting on stage along the firm secretaries and other technological CEOs.
This story has been updated with additional information and a context.
–Cnn Hadas Gold contributed to this report.