Donald Trump has shifted the sale of American assets of Tiktoka

75 days – he received so much Tiktok on Friday from Donald Trump. The US President has extended the date when the Chinese technology company Bytedance must sell to buyers from outside China American assets of popular application. Otherwise, she is in danger of a ban on operating in the USA, which was to enter into force in January.

Donald Trump announced his decision on Friday on the Truth Social platform. “The contract requires more work to make sure that all necessary consent will be signed,” wrote the president USA. Trump added that this step “will allow the functioning of Tiktok for another 75 days”, so by mid -June. The sales date set by the president in January was to expire on Saturday.

The American president explained that his administration was in contact with four different groups regarding a potential contract with Tiktok. However, he did not mention their names. “We don't want Tiktok to disappear,” he added.

“We hope for further cooperation in good faith with China, which – as I understand – are not particularly satisfied with our mutual duties,” wrote Trump.

Talks about the future of the thicket

According to Reuters, talks conducted by the White House about the future of the Tiktok, which is used by about half of the Americans, focus around the plan, according to which the largest investors from outside China In the parent company Bytedance is to increase their shares and take over American application operations.

The plan assumes the separation of an American entity for Tiktok and reducing Chinese shares below the threshold of 20 percent, required by US law.

The biggest obstacle to any agreement regarding the activities of Tiktok in the USA is the consent of the Chinese government. Until now, Beijing has not pilled in public to permission to sell.

In January, the Tiktok service was temporarily inaccessible in the US due to the upcoming date of entry into force of the Act on the prohibition of its activity, if it continues to owe Bytedance. However, the day after its inauguration, Trump shifted the beginning of the Act on two and a half months, as a result of which the platform's activity was restored. The US president then admitted that he changed his mind about the Chinese application after he used it and when he helped him get young voters.