Donald Trump signed a new executive order to “Save TikTok.”
TikTok will live to see another day — at least for now. On April 4, President Donald Trump signed a new executive order delaying the ban on the popular social media app for another 75 days. The app was to go dark in the U.S. on April 5.
Trump announced his move to pause the ban on Truth Social, saying his administration is still working toward a deal.
“My administration has been working very hard on a deal to SAVE TIKTOK, and we have made tremendous progress,” Trump wrote April 4. “The deal requires more work to ensure all necessary approvals are signed, which is why I am signing an executive order to keep TikTok up and running for an additional 75 days.”
Trump cited his newly imposed tariffs on China as a key reason for the stalled negotiations for a buyer.
“We hope to continue working in good faith with China, who I understand are not very happy about our reciprocal tariffs — necessary for fair and balanced trade between China and the U.S.A.,” Trump wrote. “This proves that tariffs are the most powerful economic tool, and very important to our national security. We do not want TikTok to go dark. We look forward to working with TikTok and China to close the deal.”
The potential sale of TikTok is drawing serious attention from major players in the business world. According to The Hill, a number of blue-chip private equity firms, venture capital groups and top tech investors have entered bids for the popular app.
Among the companies reportedly in the mix are Blackstone, Oracle, Amazon — led by Jeff Bezos — and OnlyFans founder Tim Stokely. Interest in acquiring TikTok has surged as uncertainty around its future in the U.S. continues to grow.
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Source: Black Enterprise
