Trump on Friday extended the deadline for TikTok to find a non-Chinese buyer or face a ban in the United States, allowing 75 more days to find a solution -- a day after imposing additional 34 percent duties on all Chinese imports.
The hugely popular video-sharing app, which has more than 170 million American users, is under threat from a US law passed last year that orders TikTok to split from its Chinese owner ByteDance or get shut down in the United States.
ByteDance, while confirming that it was in talks with the US government towards finding a solution, warned that there remained “key matters” to solve.
“An agreement has not been executed” and whatever was decided would be “subject to approval under Chinese law,“ the company added.
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