Trump Extends TikTok Sale Deadline By 75 Days As Acquisition Talks Continue | Eastern NC Now

"We do not want TikTok to ‘go dark.’ We look forward to working with TikTok and China to close the Deal."

ENCNow
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Nathan Gay.

    President Trump on Friday signed an executive order extending the deadline for TikTok's Chinese parent company to sell its United States operations for a second time, saying that the acquisition "requires more work to ensure all necessary approvals are signed."

    "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!" Trump said on Truth Social.

    Had Trump not granted an extension to ByteDance, the Chinese-owned parent company of TikTok would have been required to carry out a "qualified divesture" of its United States business per a law signed by former President Joe Biden in April 2024, with internet service providers and app stores prohibited from hosting the platform.

    The app, used by over 170 million Americans, has faced scrutiny from lawmakers on both sides of the aisle amid growing concerns about China's technological influence and data collection capabilities.

    Biden's law went into effect on January 19, with Apple and Google removing TikTok from their respective app stores until Trump extended the deadline by 75 days on January 20 when he took office.

    According to CNBC, several major American tech companies have expressed interest in acquiring TikTok's United States operations, including Oracle, AppLovin, and a consortium of private capital firms like Andreessen Horowitz and Blackstone. Amazon has also reportedly made a last-second bid to purchase the social media platform.

    Despite interest from American companies, any deal still requires approval from the Chinese Communist Party, adding complexity to negotiations.

    The announcement came just days after Trump announced his "Liberation Day" tariffs, imposing a 34% tariff rate on China, which, combined with existing tariffs, creates a total rate of 54% on all imports from one of America's largest trading partners.

    Trump appears wary of the impact tariffs might have on the CCP's willingness to approve a TikTok deal, insisting that China continue to negotiate in "good faith" despite the hefty tariffs.

    "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.!)."

HbAD0

    The president has also indicated he might consider reducing China's tariffs to facilitate a TikTok deal.

    "Maybe I'll give [China] a little reduction in tariffs or something to get it done," Trump said in late March, "TikTok is big, but every point in tariffs is worth more than TikTok."

poll#218
Now that President Trump is picking his cabinet and immediate staff to insulate him from the poor judgement of the Bureaucratic Class, while moving quickly to transition this Constitutional Republic unto a wise and sustainable direction: What is your immediate impression as to how our nation will prosper?
  We are headed toward a Golden Age in America's self-governed society.
  This will all wind up in a clustered mess since Trump is a Fascist, and thought to be the second coming of Adolf Hitler by our best journalists.
  This is a time where critical days lay ahead, where only wise and responsible decisions must be made to sustain US.
  I generally do not pay attention, but expect only the best to occur ... and that is what I always expect.
163 total vote(s)     What's your Opinion?

Go Back

HbAD1

Latest State and Federal

Trump administration policies are bringing the country back from the brink of an uncontrolled influx of illegal immigrants.
Ozturk's detention became a flashpoint in President Trump's mass deportation campaign.
“President Trump has always been clear about short-term disruptions as a result of Operation Epic Fury."
Cheryl Hines. Dennis Quaid. Nicki Minaj. All became associated with the Trump administration. What happened next?
A federal grand jury in North Carolina has indicted former FBI Director James Comey on two charges related to making threats against President Donald Trump.

HbAD2

Their goal was simple: to put a Planned Parenthood in every mailbox in America.
Treasury officials allege these groups pose as humanitarian entities while covertly siphoning donations to Hamas.
President Donald Trump has publicly floated regime change and other aggressive actions toward Cuba.
With a new roadside plaque unveiled in Ellerbe on April 23, legendary wrestler and local resident André René Roussimoff is finally getting the formal recognition fans believe he deserves.
Following a string of attacks, critics are calling for denaturalizations. It's not that simple.
The solution is not to legalize the problem; it is to enforce the law consistently and deter future illegal immigration.

HbAD3

The teachers union is pushing to cancel school on May 1 as Chicago public schools continue to report dismal student proficiency rates.

HbAD4

 
 
Back to Top