Close Menu
economyuae.comeconomyuae.com
    What's Hot

    UAE waives overstay fines for Iranian citizens

    June 18, 2025

    A raid in Switzerland

    June 18, 2025

    US exceptionalism in markets is diminished — but far from dead

    June 18, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    economyuae.comeconomyuae.com
    Subscribe
    • Home
    • MARKET
    • STARTUPS
    • BUSINESS
    • ECONOMY
    • INTERVIEWS
    • MAGAZINE
    economyuae.comeconomyuae.com
    Home » Donald Trump plans to delay TikTok ban for a third time
    ECONOMY

    Donald Trump plans to delay TikTok ban for a third time

    Arabian Media staffBy Arabian Media staffJune 17, 2025No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Unlock the White House Watch newsletter for free

    Your guide to what Trump’s second term means for Washington, business and the world

    The White House has said it will allow TikTok to continue operations in the US for another 90 days, extending a deadline for the popular Chinese-owned social media app to divest a stake in the platform to satisfy American law.

    “President [Donald] Trump will sign an additional executive order this week to keep TikTok up and running,” White House press secretary Karoline Leavitt said on Tuesday. “As he has said many times, president Trump does not want TikTok to go dark.

    “This extension will last 90 days, which the administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure.”

    Last year, Congress passed legislation to force ByteDance, TikTok’s Chinese owner, to sell the app or face a ban in the US.

    Trump has promised to “save” the app and has twice extended the deadline — first from January to April, and then from April to June 19 — after failing to deliver a deal, which requires sign-off from China.

    Ahead of the April deadline, the White House was closing in on an agreement that would spin off TikTok from ByteDance and create a US company to receive new investment, diluting the stakes of Chinese investors. 

    Under the terms of that deal, investors, including Andreessen Horowitz and Blackstone, would have owned about half of TikTok’s US business, while large existing investors, including General Atlantic, Susquehanna and KKR, would have held about 30 per cent of the new entity.

    The Financial Times has previously reported that the White House had considered other potential outside investors, including rightwing media star Tucker Carlson.

    Recommended

    Close up of Donald Trump leaning over to talk to Xi Jinping

    ByteDance told the White House and investors that Beijing was willing to approve the deal, according to one person familiar with the matter. But after Trump announced tariffs on China and other countries on April 2, ByteDance informed the investors that Beijing had rescinded its approval. The White House was waiting for the US-China trade tensions to ease before trying to resurrect the deal, according to the person.

    In 2020, during his first term as president, Trump moved to block TikTok, writing in an executive order that its data collection “threatens to allow the Chinese Communist party access to Americans’ personal and proprietary information”.

    Trump changed his approach to the platform, however, after he used it to reach younger voters in the 2024 election. In May, Trump told NBC that he had “a little warm spot in my heart for TikTok”.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHSBC considers ordering all staff back to office 3 days a week
    Next Article Vance says Trump ‘may’ take further action to end Iran’s nuclear enrichment
    Arabian Media staff
    • Website

    Related Posts

    US exceptionalism in markets is diminished — but far from dead

    June 18, 2025

    Dealmakers fear Trump has set precedent with ‘golden share’ in US Steel

    June 18, 2025

    UK inflation fell to 3.4% in May

    June 18, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    10 Trends From Year 2020 That Predict Business Apps Popularity

    January 20, 2021

    Shipping Lines Continue to Increase Fees, Firms Face More Difficulties

    January 15, 2021

    Qatar Airways Helps Bring Tens of Thousands of Seafarers

    January 15, 2021

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    Advertisement

    Economy UAE is your window into the pulse of the Arab world’s economy — where business meets culture, and ambition drives innovation.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Top Insights

    Top UK Stocks to Watch: Capita Shares Rise as it Unveils

    January 15, 2021
    8.5

    Digital Euro Might Suck Away 8% of Banks’ Deposits

    January 12, 2021

    Oil Gains on OPEC Outlook That U.S. Growth Will Slow

    January 11, 2021
    Get Informed

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    @2025 copyright by Arabian Media Group
    • Home
    • Markets
    • Stocks
    • Funds
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.