On Friday, President Trump announced on Truth Social his intentions to sign an executive order to "keep TikTok up and running for an additional 75 days." That gives the government and TikTok until June 18 to find a buyer, or else kick the can down the rode another time.
In fact, Trump signed an executive order on the first day of his second term to delay the ban for 75 days. Since then, various companies, including Amazon, Oracle, and even Mr. Beast, have discussed buying TikTok in accordance with the law. But as no company has made an official deal with ByteDance, the company faced an April 5 deadline—without Trump's extension, it would have been banned again.
In his announcement, Trump said his administration was working with China (where TikTok's parent company ByteDance is located) in good faith, acknowledging the country is not happy with Trump's "reciprocal tariffs." The Trump administration's unexpectedly extreme tariffs have sent shockwaves through the global economy, triggering reciprocal tariffs from countries around the world—including China. It isn't clear how the current tariff situation will affect TikTok negotiations down the line.
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