Trump has revealed the latest updates on TikTok after China imposes a 34% retaliation tariff on US goods in response to trade tensions.
Donald Trump has provided an update on TikTok’s future in the U.S. This comes shortly after China retaliated with a 34% tariff on U.S. goods.
Trump offers update on Tiktok’s status after China’s new tariffs
Trump took to Truth Social to address TikTok’s future in the U.S. He confirmed that significant progress has been made in securing a deal for the app. However, he emphasized that more work remains to be done.
Trump defended the U.S. tariffs, describing them as essential for fair trade with China. He called tariffs a powerful economic tool for national security.
He said: “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. 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. 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.!). 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. Thank you for your attention to this matter!”
In his statement, Trump explained that the U.S. would continue negotiating with China. He noted that the deal for TikTok requires more time and necessary approvals.
Tiktok’s future remains uncertain, but progress is being made
Trump signed an Executive Order to extend TikTok’s operation for another 75 days.
This move allows more time to finalize a potential sale of the app. He stated that the U.S. is “very close” to securing a buyer for TikTok, though details remain unclear.
Reports suggest multiple investors are interested in purchasing the app. However, if no buyer is confirmed within 75 days, further negotiations or extensions may occur.
Kelsey Chickering, a principal analyst at Forrester, said it is highly unlikely that TikTok will “go dark” again. She believes that signs point to either a deal or another extension if a sale is not secured.
Background on tiktok’s sale demand due to national security concerns
The issue began when the U.S. government passed a law requiring ByteDance, TikTok’s Chinese parent company, to sell the app.
National security concerns led to fears that Beijing might misuse the app to gather data on U.S. citizens or influence American users. While, China has denied these allegations.
The future of TikTok in the U.S. is still uncertain. With 75 days remaining, all eyes are on the potential sale of TikTok and the ongoing trade negotiations with China.