US President Donald Trump on Friday extended by 75 days a deadline for Chinese technology company ByteDance to sell U.S. assets of popular short video app TikTok to a non-Chinese buyer or face a ban that was supposed to have taken effect in January under a 2024 law, APA reports citing Reuters.
"The deal requires more work to ensure all necessary approvals are signed," Trump said on social media, explaining why he was extending the deadline he set in January that was supposed to have expired on Saturday. "We hope to continue working in good faith with China, who I understand is not very happy about our reciprocal tariffs."
Trump has said his administration was in touch with four different groups about a prospective TikTok deal. He has not identified them.
"We look forward to working with TikTok and China to close the deal," Trump wrote on Friday.
"We do not want TikTok to 'go dark,'" Trump added.
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