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Trump to extend TikTok ban enforcement deadline after China tariffs derail deal
President Donald Trump announced on Friday that he will again postpone enforcement of the TikTok sale-or-ban law for 75 days. The delay comes after Trump’s tariff announcement derailed a deal that had been set to transfer control of the app’s US operations to American ownership, a source familiar with the deal told CNN.
Former President Joe Biden signed a law last year that required TikTok’s China-based parent company ByteDance to divest the app or face a US ban, over national security concerns. The order would have kicked off a 120-day period to finish financing and paperwork for the deal, which would have seen a number of venture capital, private equity funds and tech giants invest in a company that would control TikTok’s US operations. It’s unclear how members of Congress — who largely agreed on a bipartisan basis last year that the app posed a national security risk, an opinion that the Supreme Court unanimously upheld — might respond to a second delay.
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