U.S. President Donald Trump announced on April 4 that he would once again postpone the law banning Tiktok unless his Chinese owners sent to evacuate from the platform.
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U.S. President Donald Trump tells Fox News The interview will air on Sunday He has a group of “very wealthy people” ready to buy Tiktok, and he can reveal his identity in about two weeks.
Trump added that the deal may require Beijing’s approval to move forward, but said “I think President Xi Jinping may do that”, referring to Chinese leader Xi Jinping.
The president discusses the possibility of another pause when he discusses his possibility of imposing “reciprocity” tariffs on Fox News’ Sunday Morning Futures’’ with Maria Bartiromo.
Tiktok’s fate in the United States has been doubted since a law was ratified in 2024, which attempts to ban the platform unless its Chinese owners evacuate from it. The legislation was driven by concerns that the Chinese government could manipulate content and access sensitive data from U.S. users.
Earlier this month Trump extends eight deadlines Removing the platform’s US business. It was his third extension since the Supreme Court just days before Trump’s second presidential inauguration in January. The new deadline is September 17.
this Protection of Americans from foreign opponent control application lawsPafaca was originally scheduled to take effect on January 19, after which App Store operators and Internet service providers will be penalized for supporting Tiktok.
Tiktok went black in the United States before the original deadline, but offered it to Trump ensure On the extension.
Trump, who promoted the app’s support among young voters in the last presidential election, insisted that he wanted to see the platform stay alive on the basis of new ownership.
Potential buyers who have been interested in the app include Trump insiders, such as Larry Ellison of Oracle For companies like this application and Confused AI.
However, it is not clear whether BONTEDANCE is willing to sell the company. Any potential divestiture may require approval from the Chinese government.
The deal could have gotten rid of Tiktok’s U.S. business and allowed Bone to retain a few positions, but the work was already underway in April but was derailed due to Donald Trump’s tariffs on China, Reuters’ announcement. Report That month.
The president previously proposed a suggestion that U.S. stakeholders buy a company and then sell it As part of the joint venture, 50% of the U.S. government shares.
Experts have previously told CNBC that any potential deal could face legal challenges in the United States, depending on whether it complies with Pafaca.
