Trump said his EO will give TikTok's Chinese parent company another 75 days to sell its stake in the social media app or else be banned in the U.S.

A deal for TikTok to be purchased has stalled due to Trump’s tariffs on China. A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump’s tariffs announcement this week, according to two sources familiar with the matter.

President Trump said Friday that he plans to give TikTok another 75-day extension as his administration nears a deal to avert a ban on the popular social media platform. “My Administration

The White House was nearing a TikTok deal, but China halted the agreement after Trump announced wide-ranging tariffs, a source told AP.

Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.

WEST PALM BEACH, Fla. (AP) — President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the U.S. for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership.

Under Mr Trump the process has run even farther off the rails. The president has no authority to delay the ban unless a deal is well under way. But on his first day in office Mr Trump signed an executive order telling the Department of Justice not to enforce the law for 75 days.

A group representing American egg farmers said it had discussions about the matter, but ultimately, it won’t scramble its plans to supply roughly 30,000 eggs for the event.