Washington (Reuters) -Donald Trump announced on Friday that it was extending the deadline imposed on Chinese company bytedance on Friday to sell the activities of its Tiktok application in the United States under penalty of ban in the country, under a law promulgated under the chairmanship of Joe Biden.
Upon his return to the White House on January 20, the Republican President had granted bytedance a first 75 -day grace period, which was to expire on Saturday.
“The agreement requires more work to guarantee the signing of all the necessary authorizations,” said Donald Trump. “We hope to continue working in good faith with China, which is not very happy with our reciprocal customs duties from what I understand.”
According to two sources due to the file interviewed by Reuters, an agreement whose main lines had been finalized was frozen because China said it would reject it because of the customs duties that Washington for him.
The agreement provides that Tiktok’s activities in the United States will be split into a new company based in the United States and controlled by American shareholders, Bytedance, only retaining a minority position less than 20%.
The agreement was approved by current shareholders, by new investors, by Bytedance and the US government, said one of the sources.
Chinese products imported by the United States will be taxed next week 54%, according to Donald Trump’s announcements this week.
The American president said, without further details, that his government was in contact with four different groups for a possible agreement on the sale of Tiktok in the United States.
“We do not want to turn off Tiktok,” said Donald Trump, while the video sharing application is used by half of Americans.
Tiktok is threatened with a ban on American territory for national security reasons, due to its access to personal data of many Americans, under a law voted by the Congress and promulgated by Joe Biden in April 2024, and validated by the Supreme Court last January.
(David Shepardson and Dawn Chielewski; Jean-Stéphane Brosse for the )
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