PWC News
Monday, May 18, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Trump will toss TikTok another lifeline, pushing back its sell-by date for a third time

Home Economy
Share on FacebookShare on Twitter


The TikTok app brand seems in Tokyo on Sept. 28, 2020.

Kiichiro Sato/AP


disguise caption

toggle caption

Kiichiro Sato/AP

President Trump mentioned he’ll as soon as once more give the quick video app TikTok a reprieve, 5 months after the beginning date of a federal legislation banning it within the U.S. until it splits with its Beijing-based proprietor, ByteDance.

“We’ll be extending it. We’ll prolong it,” Trump advised reporters on the White Home on Wednesday. “We’ll most likely make a deal – I believe we’ll want China’s blessing on it.”

White Home press secretary Karoline Leavitt mentioned in an announcement Trump would signal an govt order this week to maintain TikTok up and operating. He’ll grant the corporate a 90-day extension “which the Administration will spend working to make sure this deal is closed.”

“As he has mentioned many occasions, President Trump doesn’t need TikTok to go darkish,” she mentioned.

The promise of a reprieve comes within the wake of a high-stakes assembly between U.S. and Chinese language officers in London final week the place the 2 sides agreed on a framework to get stalled commerce negotiations again on observe.

TikTik didn’t instantly reply to a request for remark.

This could be Trump’s third such lifeline for the app since taking workplace.

Final yr, Congress handed a legislation banning TikTok with overwhelming bipartisan assist, demanding that an app utilized by greater than half of People shouldn’t be managed by an organization in China. Lawmakers frightened that it may very well be used to spy on, or affect, American customers. TikTok fought the ban all the best way to the Supreme Courtroom, calling it a violation of free speech rights — however the excessive courtroom upheld the legislation.

The ban was slated to enter impact on January 19, 2025, the day earlier than Trump took workplace. Simply earlier than midnight on January 18, TikTok took itself offline and disappeared from app shops. The next morning, though nonetheless not but in workplace, Trump promised he’d pause enforcement of the ban, and the app got here again on-line.

On Inauguration Day, Trump signed an govt order successfully pushing again the beginning of the ban by 75 days, and promising immunity for different tech corporations that present again finish providers for the app, resembling Apple and Google, which supply it of their net shops.

In April, as the brand new deadline approached, a deal gave the impression to be taking form that will have handed a majority stake to a consortium of U.S. corporations, permitting them to license TikTok’s algorithm. However the deal collapsed after Trump slapped sky-high tariffs on China and fired Nationwide Safety Council officers, certainly one of whom was concerned within the TikTok deal. He granted the corporate one other 75-day reprieve, which is because of finish on June 19.

Some authorized specialists say Trump’s delays run afoul of the legislation banning TikTok, which permits for a single 90-day extension however provided that sure circumstances are met, like certifying to Congress {that a} divestiture from ByteDance is in movement.

Talking earlier than the newest promise of an extension, Ryan Calo, a professor on the College of Washington legislation faculty who follows tech, says Trump has operated outdoors the statutory framework up to now.

“This president will not be working inside Congress’s intent,” he mentioned. “It units a nasty precedent, whereby the president seems like he can merely ignore a congressional statute.”

The White Home didn’t instantly return a request for touch upon the authorized grounds for these extensions.

For his half, Trump contends that he’s working inside the bounds of the legislation. Requested on Tuesday if he had the authorized foundation to increase the reprieve, Trump advised reporters touring with him on Air Power One: “Yeah, positive. Yeah, we do.”

Strikes by Trump and his administration to guarantee TikTok and its service suppliers that U.S. authorities is not going to prosecute anybody underneath the legislation have been sufficient for the favored app to remain on-line. Apple and Google restored TikTok to their app shops in February.

Calo says these corporations are in danger as a result of “each firm that helps deliver TikTok to People is technically violating an act of Congress proper now and has been for months.”

“They’re taking a danger by persevering with to assist TikTok on the energy of this president’s dedication that he is not going to prosecute, as a result of it does not say that, you understand, individuals which can be serving to TikTok are off the hook,” Calo mentioned. Though Trump’s January govt order says the Justice Division “shall take no motion” to implement the ban or administer penalties, he says, “There are zero ensures.”

Apple and Google didn’t reply to emailed questions on Trump’s reprieves for TikTok.

Apple and Google are monetary supporters of NPR.



Source link

Tags: datelifelinePushingsellbyTikTokTimetossTrump
Previous Post

Arieli Group submits offer to acquire Spacecom

Next Post

US DOJ seeks to forfeit $225 million in crypto from global scam network

Related Posts

Inside the ‘troubling’ pattern in Trump’s stock market rallies and slumps
Economy

Inside the ‘troubling’ pattern in Trump’s stock market rallies and slumps

May 18, 2026
Sri Lanka CB chief explains reason behind recent rupee fall  | EconomyNext
Economy

Sri Lanka CB chief explains reason behind recent rupee fall  | EconomyNext

May 18, 2026
ET Graphics: BoP stability tested by outflows & Rupee fall
Economy

ET Graphics: BoP stability tested by outflows & Rupee fall

May 17, 2026
The business of storage units is booming. We met Vermont’s operators
Economy

The business of storage units is booming. We met Vermont’s operators

May 18, 2026
SriLankan Airlines detects double financial fraud in Dubai, Chennai | EconomyNext
Economy

SriLankan Airlines detects double financial fraud in Dubai, Chennai | EconomyNext

May 16, 2026
‘He’s fighting for us’: MAGA voters hold fast as Trump pillages their bank accounts
Economy

‘He’s fighting for us’: MAGA voters hold fast as Trump pillages their bank accounts

May 17, 2026
Next Post
US DOJ seeks to forfeit 5 million in crypto from global scam network

US DOJ seeks to forfeit $225 million in crypto from global scam network

From Theory to Trillions: David Booth | Financial Thought Exchange

From Theory to Trillions: David Booth | Financial Thought Exchange

Air India announces 15 pc cut in widebody international flights

Air India announces 15 pc cut in widebody international flights

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Who was Thucydides, the ancient Greek general referenced by Carney and Xi?
Economy

Who was Thucydides, the ancient Greek general referenced by Carney and Xi?

by PWC
May 18, 2026
0

Throughout his summit with U.S. President Donald Trump in Beijing on Thursday, Chinese language President Xi Jingping posed a query:...

BofA drops blunt warning about Fed rate cuts

BofA drops blunt warning about Fed rate cuts

May 13, 2026
Cameron Hamilton, fired by Trump for defending FEMA’s right to exist, tapped to lead FEMA by Trump | Fortune

Cameron Hamilton, fired by Trump for defending FEMA’s right to exist, tapped to lead FEMA by Trump | Fortune

May 12, 2026
Kazakhstan joins handful of nations to bring AI into classrooms, to roll out nationwide by 2029

Kazakhstan joins handful of nations to bring AI into classrooms, to roll out nationwide by 2029

May 14, 2026
Prateek Yadav death reason: What happened to Mulayam Singh Yadav’s son and BJP leader Aparna Yadav’s husband?

Prateek Yadav death reason: What happened to Mulayam Singh Yadav’s son and BJP leader Aparna Yadav’s husband?

May 13, 2026
Explained: What is a perpetual DEX? A Wall Street primer featuring Decibel

Explained: What is a perpetual DEX? A Wall Street primer featuring Decibel

May 15, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.