CAIRO – 5 April 2025: US President Donald Trump has announced a 75-day postponement of the enforcement of a law requiring TikTok's parent company, ByteDance, to divest its US operations or have the app going dark in the country.
The delay follows Trump's recent tariff announcement, which disrupted a deal aimed at transferring control of TikTok to American ownership, well-informed sources told Reuters, the AP, and CNN.
In a post on Truth Social, Trump stated, “My Administration has been working 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.”
According to sources, all parties, including new and existing US investors, had agreed to the deal until Trump's recent announcement of a 34% tariff on China.
Following this, ByteDance informed the White House that it was withdrawing from the agreement until tariff negotiations could be addressed.
The law, initially signed by former President Joe Biden, mandated that ByteDance divest TikTok over national security concerns. Enforcement was set to begin in January before Trump’s extension.
The proposed deal would have established a new US-based company for TikTok, with American investors holding a majority stake and ByteDance retaining less than 20%.
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