The White House said late Tuesday that US President Donald Trump will sign an executive order this week that will extend the time frame for the Chinese company that owns TikTok to sell off its stake in the popular video-sharing social media site.
On January 20, his first day in office, the first step was taken by executive order after the platform was temporarily suspended when the ban, which was approved by Congress and upheld by the US Supreme Court, took effect.
Following the collapse of a possible deal to sell the app to American owners, Trump signed an order in early April to prolong TikTok’s operations for an additional 75 days.
After Trump unveiled his worldwide tariffs that mainly targeted Chinese goods, China withdrew from the deal, which the Trump administration had repeatedly stated was very near to the finish line.
The Administration will work to close this deal during the 90-day extension period so that Americans can continue using TikTok with confidence that their data is safe and secure.”
As he returned to Washington early Tuesday from the Group of Seven (G7) summit in Canada, Trump informed reporters on board Air Force One that he “probably” will extend the deadline once more.
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