Trump extends TikTok ban deadline for another 75 days

U.S. President Donald Trump said on social media Friday that he would grant ByteDance an additional 75-day extension to either sell the popular video-sharing app TikTok to a non-Chinese company or risk being banned in the United States.

In his first term, Trump signed an executive order effectively seeking to ban the app in the United States unless ByteDance sold its U.S. operations to an American company, but the order didn't go into effect amid legal challenges.

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Trump extends TikTok ban deadline for another 75 days

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Trump extends TikTok ban deadline for another 75 days

In April 2024, then U.S. President Joe Biden signed a law that gave ByteDance 270 days to sell TikTok, citing unfounded national security concerns. If the company failed to comply, the law would require app store operators such as Apple and Google to remove TikTok from their platforms starting on Jan 19, 2025.

However, after taking office on Jan 20, Trump signed an executive order to delay the TikTok ban by 75 days "to permit my Administration an opportunity to determine the appropriate course of action with respect to TikTok." That extension was set to expire on April 5.

In the early hours of Saturday, ByteDance announced that negotiations with the U.S. government over TikTok's future are still ongoing, with no agreement yet reached. The company stated that the two sides remain divided on many key issues.

It also emphasized that any potential deal must undergo review procedures in accordance with Chinese laws.

The U.S. dollar increased in late trading on Wednesday.

The dollar index, which measures the greenback against six major peers, went up 0.04 percent to 96.834 at 15:00. (2000 GMT).

In late New York trading, the euro lost to 1.1882 dollars from 1.1894 dollars in the previous session, and the British pound decreased to 1.3637 dollars from 1.3666 dollars in the previous session.

The U.S. dollar bought 152.83 Japanese yen, lower than 154.49 Japanese yen of the previous session. The U.S. dollar rose to 0.7703 Swiss francs from 0.7682 Swiss francs, and it was up to 1.3561 Canadian dollars from 1.3551 Canadian dollars. The U.S. dollar fell to 8.8813 Swedish kronor from 8.9021 Swedish kronor.