Former President Donald Trump has indicated that he may issue an executive order soon aimed at restoring the popular social media app TikTok, which has been facing increasing scrutiny over national security concerns. In a post on Truth Social, Trump announced that he plans to issue the order on Monday, which would extend the period before certain legal prohibitions take effect and potentially allow for a deal to protect U.S. interests.
Trump stated, “I’m asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security.” He also assured that the order would ensure no company would face liability for helping to keep the app active while discussions continue.
Under the existing law, the sitting president has the authority to grant a 90-day extension if a viable sale of TikTok is underway. While there have been some offers from investors, TikTok’s parent company, ByteDance, has previously resisted selling the app. However, Trump’s recent comments suggest that a new arrangement could be in the works.
The former president added, “I would like the United States to have a 50% ownership position in a joint venture.” It remains unclear whether he is proposing a deal where the U.S. government would own half of TikTok, or if an American company would hold the stake.
Trump further emphasized the significance of U.S. involvement in the app’s future, stating, “Without U.S. approval, there is no TikTok. With our approval, it is worth hundreds of billions of dollars – maybe trillions.”
The plan suggests a joint venture between TikTok’s current or potential new owners, in which the U.S. would hold a significant stake, ensuring that the app operates under terms favorable to U.S. interests.
As TikTok’s future in the U.S. hangs in the balance, Trump’s move to extend the timeline reflects his desire to reach a deal that would secure national security interests while allowing the app to continue operating.
