President Donald Trump announced a 75-day extension to the TikTok sale-or-ban deadline to continue negotiations. The delay aims to preserve TikTok’s U.S. operations amid national security concerns. Former President Joe Biden mandated ByteDance’s divestment or a U.S. ban last year. Trump expressed optimism about reaching a deal, potentially involving Oracle and other American investors acquiring most of TikTok’s U.S. assets. Despite ongoing discussions, ByteDance and the Chinese government have not publicly indicated willingness to sell. Trump linked the TikTok deal to reciprocal tariffs with China. A deal must comply with legal requirements, limiting ByteDance’s ownership and prohibiting coordination on algorithms or data sharing. TikTok users can continue using the app during negotiations.
— new from CNN
