Update: The White House said on Tuesday that Donald Trump would again extend the deadline for China bydance to exceed Tiktok.
“President Trump will sign an additional decree this week to keep Tiktok operational,” said the White House press secretary Karoline Leavitt in a statement. “As he said on several occasions, President Trump does not want Tiktok to be assured. This extension will last 90 days, which the administration will pass to work to ensure that this transaction is concluded so that the American people can continue to use Tiktok with the assurance that their data is safe and secure.”
Earlier in the day, Trump told journalists on Air Force that he would “probably” prolong the deadline. “We must probably get the approval of China, but I think we will get it. I think President Xi will finally approve of it.”
Last year, Congress approved massively approved legislation to demand deactivation, or Tiktok would be faced with a ban on American application stores. The Supreme Court confirmed the law, which included a provision which allows the president to extend the date of disinvestment.
The law entered into force on January 19, leading to a short breakdown. When he took office, Trump extended the deadline in April. But he again extended the application of the law, this time until Thursday.
When the extension of the deadline was to give us investors an agreement to buy Tiktok, relations with China refrigerated while Trump imposed prices, reaching 145% at a given time, in the first months of his mandate. Among the investors working on an agreement is Frank McCourt Jr., the former owner of the Los Angeles Dodgers.
In a recent interview with EntrepreneurMcCourt said that his plan does not require acquiring the Tiktok algorithm. Users and their data would be rather migrated to an open source platform, depending on the publication.
“We recommend a new best advanced internet, where individuals have and control their identity and data,” McCourt told publication. “We are in charge, and our social information is up to us to share with others as we see fit.”
During his first term, Trump asked for a Tiktok assignment from its Chinese owner. But Trump’s actions via the executive order were sidelined before the courts. This term, he was laudable from Tiktok, the credit for having helped him win young voters.
