President Trump extends TikTok deal deadline by 75 days, touts ‘tremendous progress’

On Friday, President Donald Trump granted a 75-day extension to the deadline for ByteDance, a Chinese tech company, to divest the U.S. operations of its popular short-video app TikTok to a non-Chinese buyer, pushing back a potential ban that was originally set to take effect in January under a 2024 law.
David Shepardson and Dawn Chmielewski for Reuters:
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“The deal requires more work to ensure all necessary approvals are signed,” Trump said on social media, explaining why he was extending the deadline he set in January that was supposed to have expired on Saturday. “We hope to continue working in good faith with China, who I understand is not very happy about our reciprocal tariffs.”
Trump has said he would be willing to reduce tariffs on China to get a deal done with ByteDance to sell the app used by 170 million Americans.
Trump has said his administration was in touch with four different groups about a prospective TikTok deal. He has not identified them.
A major stumbling block to any deal for TikTok’s U.S. business is Chinese government approval. China has not made a public commitment to allow a sale and Trump’s comments suggested renewed Chinese opposition.
“We look forward to working with TikTok and China to close the deal,” Trump wrote on Friday. “We do not want TikTok to ‘go dark,'” Trump added.

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MacDailyNews Take: Time-wasters of America, rejoice!
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