Will TikTok be banned on June 19? Trump alerts one other deadline extension – What we all know

The present extension, which mandates that TikTok’s Chinese father or mother firm, ByteDance, divest from the US model of the video-sharing app, expires on 19 June. 

“The president has said he’s willing to (announce another extension) if it has to happen,” a authorities official accustomed to Trump’s considering instructed On The Money on Tuesday. The similar official added that Beijing is utilizing TikTok as a “bargaining chip,” noting, “The Chinese just want to hold this up as leverage in the trade talks.”

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“It’ll be protected. It’ll be very strongly protected. But if it needs an extension, I would be willing to give it an extension,” the POTUS instructed NBC News whereas agreeing that he has a “little sweet spot” for TikTok in his coronary heart.

Trump might let TikTok ‘go dark’ on June 19, Wall Street insider warns

Notably, Trump ally Larry Ellison’s Oracle expressed an curiosity in buying the Chinese social big’s US half.

Talks had been shifting ahead till Trump reignited his so-called ‘Liberation Day’ commerce conflict earlier this 12 months with steep tariffs on Chinese items, some as excessive as 145%. Those have since been lowered to 30% as either side have proven renewed curiosity in hashing out a last settlement.

However, Trump now appears to view the app in another way. “He believes the app, popular with younger Americans, helped get him elected in 2024,” a Wall Street banker concerned within the TikTok deal instructed On The Money.

The similar banker warned that Trump would possibly even let TikTok “go dark” on 19 June, disappearing from US app shops,  if he believes it could give him an higher hand on the negotiating desk.

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TikTok has lengthy denied allegations of knowledge sharing with the Chinese authorities. The Biden administration had signed the unique “divest-or-ban” regulation earlier than leaving workplace, setting it to take impact on 19 January, simply sooner or later earlier than Trump’s inauguration.

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