President Trump announced this afternoon that he is extending the deadline for the sale of the Chinese-owned social media platform TikTok by 75 more days.
The move came shortly after China responded to Trump’s sweeping “Liberation Day” tariffs with its own set of retaliatory duties, pushing back against the administration’s offer of reduced rates if Beijing agreed to divest from the app.
“My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days,” Trump wrote on Truth Social.
The president emphasized the desire to continue working constructively with Beijing while defending his aggressive trade policies as essential to maintaining national interests.
“We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs (Necessary for Fair and Balanced Trade between China and the U.S.A.!). This proves that Tariffs are the most powerful Economic tool, and very important to our National Security! We do not want TikTok to “go dark.” We look forward to working with TikTok and China to close the Deal. Thank you for your attention to this matter!”
{Matzav.com}