Feed: Slashdot
Feed Link: https://slashdot.org/
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Title: Trump Extends TikTok Deadline For the Second Time

Link: https://yro.slashdot.org/story/25/04/04/20462...

For the second time, President Trump has extended the deadline for ByteDance
to divest TikTok's U.S. operations by 75 days. The TikTok deal "requires more
work to ensure all necessary approvals are signed," said Trump in a post on
his Truth Social platform. The extension will "keep TikTok up and running for
an additional 75 days." "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.!)," Trump
added. CNBC reports: ByteDance has been in discussion with the U.S.
government, the company told CNBC, adding that any agreement will be subject
to approval under Chinese law. "An agreement has not been executed," a
spokesperson for ByteDance said in a statement. "There are key matters to be
resolved." Before Trump's decision, ByteDance faced an April 5 deadline to
carry out a "qualified divestiture" of TikTok's U.S. business as required by
a national security law signed by former President Joe Biden in April 2024.
ByteDance's original deadline to sell TikTok was on Jan. 19, but Trump signed
an executive order when he took office the next day that gave the company 75
more days to make a deal. Although the law would penalize internet service
providers and app store owners like Apple and Google for hosting and
providing services to TikTok in the U.S., Trump's executive order instructed
the attorney general to not enforce it. "This proves that Tariffs are the
most powerful Economic tool, and very important to our National Security!,"
Trump said in the Truth Social post. "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!"

Read more of this story at Slashdot.

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