President Donald Trump has extended the deadline for ByteDance, the parent company of TikTok, to divest its U.S. operations by an additional 75 days. This marks the second time Trump has delayed enforcement of the law requiring TikTok to be sold to a non-Chinese entity or face a ban in the United States.
The extension comes as Trump's administration continues negotiations to preserve TikTok's operations in the U.S. while addressing national security concerns. Trump stated that significant progress has been made in reaching a deal, but further efforts are needed to secure all necessary approvals. He expressed optimism about collaborating with China to finalize the agreement, despite ongoing trade tensions.
The original deadline was set to expire on April 5, following a previous extension granted by Trump when he took office. The law mandating TikTok's divestment was enacted in 2024 due to concerns over data privacy and national security, given the app's widespread use in the U.S. and its ownership by a Chinese company.
Several American companies, including Oracle and AppLovin, have shown interest in acquiring TikTok's U.S. assets. Trump's decision ensures that TikTok's 170 million U.S. users can continue using the app while negotiations are ongoing. However, the ongoing delay in finalizing a formal agreement leaves uncertainty about the app's long-term viability in the U.S. market.