Thursday, 03 July 2025

President Trump Says “We Have A Buyer For TikTok” – Reveals Timeline For Announcement

100 Percent Fed Up
Hits: 5

President Trump said on Fox News’ “Sunday Morning Futures with Maria Bartiromo” that he has a buyer for TikTok.

On his first day in office, Trump signed an executive order granting an initial 75-day extension for ByteDance, TikTok’s parent company, to sell the app’s U.S. operations to an American buyer.

A 2024 law requires the sale of TikTok to an American owner or face a ban in the United States.

Trump signed a second extension in April and a third extension in June.

The most recent extension delays enforcement of the TikTok ban until September 17, 2025.

ADVERTISEMENT

“We have a buyer for TikTok, by the way,” Trump told Bartiromo.

“Who’s the buyer?” Bartiromo asked.

“I’ll tell you in about two weeks,” Trump responded.

WATCH:

The New York Times provided further info:

The fate of TikTok has been unclear for months. A law approved in 2024 required that the app be effectively banned in the United States unless its parent company, ByteDance, sold it to a non-Chinese company, over concerns that sensitive user data could end up in the hands of the Chinese government.

While the law called for a sale by January 2025, Mr. Trump has repeatedly declined to enforce the law and extended the deadline three times.

Finding a buyer for TikTok is only one part of reaching a deal to avert a ban of the app in the United States, because the Chinese government will need to signal its approval of any sale.

In April, the White House believed it was close to reaching a deal that would put 50 percent of the app’s ownership in American hands. A draft executive order describing the broad outlines of the deal had been circulated.

But then Mr. Trump announced tariffs on Chinese imports, and ByteDance told the White House that Beijing would not let the deal for TikTok proceed.

ADVERTISEMENT

TikTok briefly went offline in January for its U.S. users in anticipation of the ban.

Trump’s extensions of the deadline have prevented the app from going dark again in the United States.

USA TODAY noted:

Ten days ago, Trump signed a 90-day extension preventing a TikTok sell-or-ban law from going into effect after it was passed by Congress. Lawmakers have said they’re worried the company was using the mega-popular video platform to spy on Americans.

The latest delay was the third time Trump has moved to keep the law from going into effect using an executive order.

Congress approved the ban of the app if was not sold to a non-Chinese company last year, and former President Joe Biden signed it into law. The Supreme Court has upheld the potential ban’s constitutionality, but since returning to office, Trump has directed the Department of Justice not to enforce it. His executive orders have kept the app from going dark.


Source link

Search