President Donald Trump has extended the deadline for ByteDance to sell TikTok’s U.S. operations by another 75 days, pushing the potential shutdown to mid-June. This marks the second time Trump has delayed action, citing the need for more time to finalize a deal and secure necessary approvals. Major players like Oracle, Amazon, and Project Liberty are reportedly in the running to purchase the app, as negotiations continue under mounting political and economic pressure.
Trump announced the extension on Truth Social, where he also emphasized the importance of tariffs in U.S.-China trade relations, calling them a key tool for national security. However, the situation remains complex. Despite buyer interest, any potential deal must also gain approval from China—a country that has previously resisted the sale and just hit back with retaliatory tariffs.
With ongoing geopolitical tensions and no confirmed buyer, the future of TikTok in the U.S. remains uncertain.
Trump announced the extension on Truth Social, where he also emphasized the importance of tariffs in U.S.-China trade relations, calling them a key tool for national security. However, the situation remains complex. Despite buyer interest, any potential deal must also gain approval from China—a country that has previously resisted the sale and just hit back with retaliatory tariffs.
With ongoing geopolitical tensions and no confirmed buyer, the future of TikTok in the U.S. remains uncertain.
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FunTranscript
00:00President Donald Trump has just extended the TikTok deadline again. That's right,
00:04ByteDance now has 75 more days to sell or face a total shutdown. This marks Trump's second
00:11extension and he says the deal needs more work to secure all necessary approvals.
00:17Announced on his True Social account, Trump confirmed TikTok will stay up and running
00:22until mid-June while negotiations continue with a lot of big names in the race to purchase a
00:27ByteDance-owned app. Reports state among those names include American multinational
00:31computer technology company Oracle, led by Larry Ellison. Even Amazon, founded by Jeff Bezos in
00:381994, and Project Liberty, an impact initiative backed by billionaire Frank McCourt and Reddit
00:43co-founder Alexis Ohanian, are all eyeing a piece of the action. In the president's post,
00:49Trump brought up the power of tariffs, stating, quote,
00:52We hope to continue working in good faith with China, who I understand are not very happy about
00:57reciprocal tariffs necessary for fair and balanced trade between China and the USA.
01:02This proves that tariffs are the most powerful economic tool and are very important to our
01:07national security. While the current president is confident in a successful deal, some feel
01:12this will never end. Although many are lining up to place bids to purchase TikTok, the deal still
01:18needs approval from China. And with ByteDance showing no interest in selling in the past,
01:23combined with China recently slapping 34% retaliatory tariffs on U.S. goods,
01:28in response to Trump's new trade policy, we might be looking at yet another extension this summer.
01:33But what do you think? Share your thoughts below and follow us everywhere at What's Trending.