Trump Extends TikTok Shutdown Deadline as Tentative Deal and Potential Buyer Emerge
- President Donald Trump has delayed a nationwide ban on TikTok until December 16, allowing time for negotiation over the app's future ownership.
- This is the fourth delay of enforcement for a law banning the social media app amidst a potential deal for U.S. ownership.
- Trump stated that a deal will keep TikTok running in the U.S. under American ownership, addressing the 2024 law passed under President Biden.
- The Treasury Secretary announced a 'framework' for a deal, which may require approval from Congress, and could involve both current and new investors.
262 Articles
262 Articles
Deal for U.S.-Owned TikTok May Retain Chinese Algorithm
An impending ban on TikTok was averted Monday after officials from both countries reached a “framework” of a deal that would allow the popular social media app to continue operating in the U.S. Trump, speaking to reporters Tuesday, said that the U.S. “reached a deal” with China during talks in Spain to divest TikTok’s U.S. operation from its Chinese ownership and that he will finalize the deal with his Chinese counterpart Xi Jinping on Friday du…
Trump extends TikTok deadline avoiding ban
China and U.S. Reach TikTok Deal After Madrid Talks, Trump Delays Ban Until December - teleSUR English
An agreement between China and the United States over the social media platform TikTok was reached after a fourth round of negotiations in Madrid, Spain. Chinese state media emphasized that the deal was based on “mutually beneficial cooperation” and “serves the interests of both parties.” Chinese Vice Premier He Lifeng said both sides had reached a basic framework consensus to address issues related to TikTok through cooperation, reducing invest…
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