In a recent move, President Donald Trump has opted to extend the deadline for the proposed TikTok ban by an additional 75 days. This development was announced by Trump through a post on Truth Social, where he revealed plans to sign an executive order aimed at allowing more time for the finalization of a deal. Notably, this announcement comes just a day before the initial ban was set to be implemented.

Trump outlined the progress made by his administration in securing a deal to save TikTok, stating, “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.”

This marks the second instance where Trump has chosen to extend the deadline for the TikTok ban. Initially, ByteDance was required to sell TikTok’s U.S. operations by January 19, as per a law signed by former President Joe Biden. However, Trump intervened by signing an executive order on his first day in office, granting the company an additional 75 days to secure a deal.

Prior to the executive order, TikTok experienced a brief period of downtime and was removed from the Apple and Google app stores before being reinstated. According to reports from Bloomberg, Trump reviewed a proposal from a group of U.S. investors, including Oracle, Blackstone, and Andreessen Horowitz, which is considered a top contender for a potential deal.

Other parties interested in acquiring TikTok include Amazon, Perplexity, billionaire Frank McCourt’s Project Liberty consortium, Walmart, AppLovin, and several others. However, it is essential to note that any deal would require approval from the Chinese government, and ByteDance has not expressed interest in selling TikTok or reducing its stake in the social network as mandated by the TikTok ban law.

The extension of the deadline comes on the heels of Trump’s announcement of sweeping tariffs, which include a 34% tariff rate on China. Trump has hinted at the possibility of reducing tariffs on China to facilitate a TikTok deal, highlighting the complexity of the situation.

In his announcement post, Trump expressed his intention to continue working with China in good faith, despite their dissatisfaction with the reciprocal tariffs. He emphasized the importance of tariffs as a powerful economic tool and their relevance to national security, reiterating his desire to avoid TikTok being taken offline.

In response to the tariffs, China has announced plans to impose a 34% tariff on all U.S. products, further escalating the trade tensions between the two nations. As the situation continues to unfold, the fate of TikTok and the outcome of the proposed deal remain uncertain.