AsianFin -- U.S. President Donald Trump has suggested that the 75-day enforcement delay for banning TikTok might be extended, though he hopes such a measure won't be necessary.
The ban stems from a law requiring ByteDance, TikTok's Chinese parent company, to divest the app due to national security concerns. Upon assuming office on January 20, Trump issued an executive order delaying enforcement by 75 days to allow for further assessment.
Trump expressed optimism about ongoing negotiations, noting significant interest from potential buyers. He acknowledged TikTok's role in engaging young voters during his 2024 election campaign. The President also believes that Chinese President Xi Jinping would support selling TikTok to a U.S. buyer, viewing it as beneficial for China. Trump indicated he would make it advantageous for China to facilitate the sale but did not provide specific details.
The situation remains fluid, with the possibility of extending the deadline to ensure a favorable outcome for all parties involved.
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