Trump extends TikTok deadline after reaching framework deal with China
In this photo picture, Tiktok’s logo is exhibited on a smartphone screen in Shanghai, China, China on April 5, 2025.
VCG | Visual Chinese Group | Getty Images
President Donald Trump extended the deadline for Bayta to disposal Tiktok, which would belong to an investor consortium containing Oracle and Silver Lake on Tuesday.
Trump extended the deadline for the fourth time. Extension, one executive orderThe Ministry of Justice prevents the implementation of a national security law in the US, which will effectively prohibit Tiktok in the US until 16 December.
US Treasury Secretary Scott Bessent announced on Monday that a “framework agreement” has been reached on Tiktok. In accordance with the National Security Law, which will enter into force on Wednesday, Apple And Google And if an agreement was not reached, internet service providers would be punished to serve Tiktok’s US operations.
Within the scope of the framework agreement, approximately 80% of Tiktok’s US business will belong to an investor consortium. ProphecySilver Lake and Andreessen Horowitz, Tuesday The Wall Street Journal reported. According to Report, as part of the regulation, existing US users would have to switch to a new application.
Trump and Chinese President Xi Jinping is expected to discuss the conditions of the agreement on Tiktok on Monday by Treasury Secretary Scott Bessent.
The agreement, which is expected to close within the next 30 to 45 days, includes new investors, existing stale investors and will result in Oracle’s continuing the cloud computing agreement with Tiktok.
Bessent said on Tuesday that CNBC was willing to allow Tiktok to “go dark” during the Squawk box, which encouraged China to accept an agreement. The Treasury Secretary said that the commercial conditions of the agreement have already been concluded since March or April, but that China has been waiting for the agreement following Trump’s challenging tariffs and trade policies.
“We were able to reach a series of agreements that have no effect on our national security for things that we cannot do in the future.” He said.
A senior White House official said in a statement, “Tiktok frame is a pure speculation unless explained by this administration,” he said.
Tiktok did not respond to the request for comment.
WRISTWATCH: Trump’s desire to allow Tiktok to go dark motivated China to the agreement.
