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Reading: Donald Trump Could Grant TikTok A 90-Day Reprieve From US Ban
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StockWaves > Trading > Donald Trump Could Grant TikTok A 90-Day Reprieve From US Ban
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Donald Trump Could Grant TikTok A 90-Day Reprieve From US Ban

StockWaves By StockWaves Last updated: January 19, 2025 4 Min Read
Donald Trump Could Grant TikTok A 90-Day Reprieve From US Ban
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President-elect Donald Trump stated Saturday that he might present a 90-day extension to ByteDance-owned TikTok to delay or forestall a ban within the U.S.

What Occurred: Throughout an interview with NBC on Saturday, Trump prompt that he’s “almost certainly” to grant TikTok a 90-day extension from a possible U.S. ban.

“I believe that might be, actually, an choice that we take a look at. The 90-day extension is one thing that will probably be almost certainly finished, as a result of it is applicable. You understand, it is applicable. Now we have to have a look at it fastidiously. It is a very massive state of affairs,” Trump stated.

This extension would supply ByteDance further time to promote to a non-Chinese language purchaser, in compliance with the regulation enacted by President Joe Biden final 12 months. Nonetheless, Trump’s ultimate resolution on this matter continues to be pending.

As reported by NBC Information, the present deadline for TikTok’s compliance is midnight Sunday. An extension introduced on Monday won’t have the option to forestall the app from going offline for at the very least a day. The way forward for TikTok has been a serious concern over the last days of the Biden administration.

The Biden administration has persistently acknowledged that it doesn’t intend to implement the regulation, thereby shifting the accountability to the incoming Trump administration. Nonetheless, TikTok expressed apprehensions on Friday that the assurances from the White Home may not be sufficient to forestall the app from being shut down.

Additionally Learn: TikTok Says It Will Be ‘Compelled To Go Darkish’ In US On Jan 19 After Supreme Court docket Upholds Ban

Trump’s potential help for TikTok marks a major departure from his earlier stance throughout his first time period, when he tried to ban the app together with the Chinese language messaging app WeChat. 

In the meantime, on Saturday, the Biden administration referred to as TikTok’s assertion on going darkish on Sunday a “stunt.”

“It’s a stunt, and we see no cause for TikTok or different firms to take actions within the subsequent few days earlier than the Trump Administration takes workplace on Monday,” White Home Press Secretary Karine Jean-Pierre informed Reuters.

“Now we have laid out our place clearly and straightforwardly: actions to implement this regulation will fall to the subsequent administration. So TikTok and different firms ought to take up considerations with them.”

“President Biden’s place on TikTok has been clear for months, together with since Congress despatched a invoice in overwhelming, bipartisan trend to the President’s desk: TikTok ought to stay obtainable to Individuals, however merely below American possession or different possession that addresses the nationwide safety considerations recognized by Congress in growing this regulation,” Jean-Pierre added within the assertion.

Why It Issues: TikTok’s potential ban within the US has been a contentious challenge, with the app’s destiny hanging within the steadiness throughout the transition between the Biden and Trump administrations.

The proposed 90-day extension may present much-needed respite for TikTok and its father or mother firm, ByteDance, permitting them further time to adjust to US laws.

Nonetheless, the way forward for the app within the US market stays unsure till a ultimate resolution is made by the incoming Trump administration.

Learn Subsequent

Is Amazon Eyeing TikTok For A Doable Acquisition?

Picture: Shutterstock

This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.

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