On Friday, President Donald Trump granted a 75-day extension to the deadline for ByteDance, a Chinese tech company, to divest the U.S. operations of its popular short-video app TikTok to a non-Chinese buyer, pushing back a potential ban that was originally set to take effect in January under a 2024 law.
David Shepardson and Dawn Chmielewski for Reuters:
“The deal requires more work to ensure all necessary approvals are signed,” Trump said on social media, explaining why he was extending the deadline he set in January that was supposed to have expired on Saturday. “We hope to continue working in good faith with China, who I understand is not very happy about our reciprocal tariffs.”
Trump has said he would be willing to reduce tariffs on China to get a deal done with ByteDance to sell the app used by 170 million Americans.
Trump has said his administration was in touch with four different groups about a prospective TikTok deal. He has not identified them.
A major stumbling block to any deal for TikTok’s U.S. business is Chinese government approval. China has not made a public commitment to allow a sale and Trump’s comments suggested renewed Chinese opposition.
“We look forward to working with TikTok and China to close the deal,” Trump wrote on Friday. “We do not want TikTok to ‘go dark,'” Trump added.
MacDailyNews Take: Time-wasters of America, rejoice!
Interns, now, seriously, please Tap That Keg™! Prost, everyone! 🍻🍻🍻🍻🍻
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Bla bla bla… Lies,n, lies’n…
aren’t you people tired of losing money with trump yet?
trump own Casios and bankrupted them. the guy knows how to go broke.
that is what he knows.
Making Biff Tannen president… What the hell did you expect?
Funny, back in January, Senator Tom Cotton (R-Arkansas), Chairman of the Senate Select Committee on Intelligence, and Senator Pete Ricketts (R-Nebraska) issued the following this bold statement regarding TikTok:
““We commend Amazon, Apple, Google, and Microsoft for following the law and halting operations with ByteDance and TikTok, and we encourage other companies to do the same. The law, after all, risks ruinous bankruptcy for any company who violates it. Now that the law has taken effect, there’s no legal basis for any kind of ‘extension’ of its effective date. For TikTok to come back online in the future, ByteDance must agree to a sale that satisfies the law’s qualified-divestiture requirements by severing all ties between TikTok and Communist China. Only then will Americans be protected from the grave threat posed to their privacy and security by a communist-controlled TikTok.”
Congress has completely abdicated their role in government.