Trump extends the deadline for the sale of Tiktok to the Chinese non -buyer to avoid the ban | Donald Trump

Donald Trump He said he will sign an executive order to extend the Tiktok Exhaust bank. This is the second time The president will have delayed the ban or sale of the app on social media and from today will point the deadline.

The Tiktok agreement “requires more work to ensure that all the necessary approvals are signed”, Trump announced On his social platform of truth on Friday.

ByTedance, the mother company of Tiktok, issued a declaration in response to the executive order: “Bytedance was under discussion with the United States government regarding a potential solution for Tiktok Us an agreement was not performed. There are key issues to be resolved. Any agreement will be subject to approval pursuant to the Chinese law. “

Congress approved a law last year Forcing Tiktok to yield or sell its goods to the United States. The law derived from the concerns that the Chinese owner of the app, bytedance, could use the social media platform to manipulate the Americans. The first deadline to ban or force the sale of the app was January 19th. But, on his first day in office, Trump signed an executive order to delay this decision on April 5. Now the new deadline will be in mid -June.

At the beginning of this week, the president met potential buyers for Tiktok and said his administration is “Very close” to an agreement. Among those who, according to what reported, launched offers are a consortium of investors led by the Oracle software giant, by the Blackstone patrimonial manager, Amazon, Walmart, billionaire Frank McCourt, a Crypto Foundation and the founder of the website for adults.

Tiktok is a tremendously popular social media app with 170 million users in the United States. Investors and companies see a huge appeal with the possession of the app and its secret algorithm.

Bytedance said he had no intention of selling Tiktok and in previous judicial documents they said that a transfer “simply is not possible: not commercially, not technologically, not legally”.

After announced Sweeping tarifics on dozens of countriesTrump mentioned Thursday aboard the Air Force One on which he could have reduced commercial sanctions China If bytedance were to approve a sale. The country has to face a 54% rate on the goods imported in the United States. “We have a situation with Tiktok Where probably China will say that we will approve an agreement, but you will do something on rates. Rates give us a great power to negotiate, “he said.

In his social post of truth on Friday, Trump reiterated that feeling, saying: “We hope to continue working in good faith with Chinathat I understand are not very happy with our mutual rates (necessary for fair trade between China and the United States!).

“We don’t want Tiktok to” go down, “he continued.” We can’t wait to work with Tiktok and China to close the agreement. Thanks for your attention to this question! “