A deal that would keep Techk in the United States Under the term because of the president Trump’s tariff.
The Trump administration was close to an agreement that allows the China headquarters Social media platform To be owned by American investors, but China stopped this after Trump announced the global customs tariff this week, according to Associated Press.
Trump said on Friday that he would sign an executive order Keep Tiktok in the United States For another 75 days and suggested that a deal be made.
“My administration has worked hard on a Tiktok rescue deal, and we have made tremendous progress,” he published. “The deal requires more work to ensure the signature of all necessary approvals, which is why I am an executive to keep Tiktok wake up for an additional 75 days. We look forward to working with Tiktok and China to close the deal.”
The deal will invest many American investment capital companies, private stock funds and technology companies investing a company that controls American application operations, CNN said. The current TIKTOK owner, by TEDANCE, will retain a 20 % stake in the new company, per CNN.
A federal law was assigned to sell Tiktok to a non -Chinese company or leave the United States by January 19. Trump signed an executive order shortly after he took office Delay Until the end of this week.
But legal experts say that the law only allows the extension of a period of 90 days for the deadline if a deal is made and Congress is notified.
“All he does is his saying that he will not impose law for another 75 days,” Alan Rostenastein, assistant professor of law at Minnesota University, told Associated Press. “The law is still in effect. Companies are still violating by providing services to Tiktok.”
