President Donald Trump posted a message on Truth Social stating that he has signed an Executive Order to extend the deadline for the TikTok ban in America by another 75 days. Initially, the deadline was set to expire from the first extension on April 5th.
Trump mentioned that all parties are working diligently to reach an agreement to preserve TikTok, which has made significant progress. However, the details of the agreement are intricate and require additional time. He confirmed that no one wants TikTok to shut down.
A ByteDance representative confirmed that the company is negotiating with various government entities in the United States but emphasized that any agreement reached must also be approved by the Chinese government. There are several unresolved issues in the current negotiations that have yet to be summarized.
Source: CNBC
TLDR: President Trump extends TikTok ban deadline, negotiations ongoing, final agreement pending approval from Chinese government.
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