
US-China clash, Trump orders TikTok to remain in operation for another 75 days

United States President Donald Trump signed an executive order to keep TikTok operational in the US for another 75 days.
The decision comes as an opportunity to give his administration more time to broker a deal.
The order was announced after White House officials believed they were close to a deal to spin off the app's services into a new non-Chinese company.
"The deal requires more work to ensure all necessary approvals are signed. We look forward to continuing to work in good faith with China, who I understand are not very happy about our reciprocal tariffs," Trump said on his Truth Social platform.
ByteDance representatives announced that China would no longer approve the deal to sell TikTok until there are negotiations on trade and tariffs.
Beijing announced sweeping tariffs on every American product worth 34% and also controls on metal exports.
A major obstacle to any deal for TikTok's US business is approval from the Chinese government.
"We are still in talks with the US government, but no agreement has been reached and the two sides still have differences on many key issues, " the company said in a statement on its official account on the Chinese social media platform WeChat.
The US Congress had mandated that the platform be removed from China by January 19 or banned in the US for national security reasons, but Trump extended the deadline as he sought to negotiate a deal to keep it running.
Trump has recently received a series of offers from American businesses looking to buy the social platform.
White House-led talks about the future of TikTok, which is used by about 1.7 million Americans, are coalescing around a plan for the largest non-Chinese investors in parent company ByteDance to increase their stake and buy the app's U.S. operations, Reuters reports.

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