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  • btc = $80 549.00 1 467.43 (1.86 %)

  • eth = $1 586.35 -16.29 (-1.02 %)

  • ton = $3.12 0.19 (6.48 %)

7 Apr, 2025
1 min time to read

U.S. President Donald Trump has extended the deadline for a potential TikTok ban by another 75 days, allowing more time for a deal to separate the platform’s American operations from Chinese parent company ByteDance. The announcement came via Truth Social, just one day before the ban was set to take effect.

“My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump posted on Truth Social. “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.”

This marks the second extension of the deadline, which was originally set for January 19 under a law passed during Joe Biden’s presidency.

This week, Trump reviewed a bid from a consortium that includes Oracle, Blackstone, and Andreessen Horowitz. Other interested parties reportedly include Amazon, Walmart, AppLovin, and even Perplexity. TikTok confirmed ongoing negotiations with the U.S. government but said several key issues — including approval from Chinese regulators — still need to be resolved.

Notably, the extension coincides with Trump’s announcement of new tariffs on Chinese imports, which he described as “an economic lever” in the talks. He added that TikTok shouldn’t “go dark” and emphasized that any deal must be both beneficial and secure for the U.S.