Trump Extends TikTok Ban Deadline to Facilitate Deal Finalization
President Donald Trump has issued a 75-day extension to the TikTok ban deadline, granting additional time to finalize a potential deal for the popular social media platform. The announcement was made via a Truth Social post on Friday, just one day before the ban was scheduled to take effect.
Key Details of the Extension
- Executive Order Signed: Trump emphasized progress in negotiations, stating the deal requires further approvals.
- Second Extension: This marks the second 75-day delay since Trump took office, following an initial extension on January 20.
- Previous Disruptions: TikTok faced temporary removal from Apple and Google app stores earlier this year before being reinstated.
Ongoing Negotiations and Stakeholders
A consortium of U.S. investors—including Oracle, Blackstone, and Andreessen Horowitz—submitted a proposal under review, positioning it as a leading contender. Other interested parties include:
- Amazon (reported last-minute bid)
- Perplexity (revised offer)
- Frank McCourt’s Project Liberty (backed by Reddit’s Alexis Ohanian)
- Walmart and AppLovin (bidding for non-China markets)
Geopolitical and Economic Context
- Chinese Approval Required: Any deal hinges on Beijing’s consent, though ByteDance has resisted selling TikTok or diluting its ownership.
- Tariff Tensions: Trump recently imposed 34% tariffs on Chinese imports, citing national security. He hinted at potential reductions to advance TikTok negotiations (CNBC report).
- China’s Retaliation: Hours after the extension, China announced matching 34% tariffs on U.S. goods (AP News).
Trump’s Statement
In his post, Trump framed tariffs as a “powerful economic tool” and expressed optimism about continued negotiations:
“We hope to work in Good Faith with China… We do not want TikTok to ‘go dark.’”
The extension underscores the complex interplay between tech policy, trade, and U.S.-China relations, with TikTok’s fate still uncertain.
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