Friday, August 15, 2025

Latest

Trump Orders 75-Day Pause on TikTok Sale Requirement

The battle over TikTok’s future in the United States took a new turn Monday as President Donald Trump signed an order delaying enforcement of mandatory sale requirements for 75 days, giving his administration time to explore alternative solutions.

The social media platform, which went offline briefly over the weekend, received temporary protection from a law that would force its Chinese parent company ByteDance to divest 80 percent of its ownership to continue operating in the US market.

“This pause will allow us to determine the appropriate course of action regarding TikTok,” the White House stated. The Justice Department has been instructed not to pursue penalties against the platform or companies involved in its recent service restoration.

The development follows a dramatic sequence of events, including Friday’s Supreme Court decision upholding the divestment law and TikTok’s brief voluntary shutdown on Sunday. The service resumed after Trump voiced support for maintaining its availability during inaugural events.

Related: Biden Defers TikTok Ban Enforcement to Trump Administration 

In a potentially significant shift, Chinese officials signaled new flexibility Monday regarding ByteDance’s options. Foreign Ministry spokesperson Mao Ning suggested Beijing might approve partial ownership changes, stating such decisions should follow “market principles.”

Trump has floated the idea of an equal ownership split between ByteDance and American interests, though this proposal falls short of the law’s requirements for US control. Several potential investors have expressed interest in acquiring the necessary stake, though no formal agreements have emerged.

The original legislation, signed by former President Biden last April, aimed to address national security concerns about potential Chinese government influence through ByteDance’s ownership of the popular video-sharing platform.

Related: Fresh Revelations Raise Doubts On TikTok’s “Independence” From Beijing

While the app remains unavailable on major US app stores, companies that assisted in restoring TikTok’s service will receive formal assurance from the attorney general confirming they face no legal consequences.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold’s Next 12 Months Will Be the Trade of a Lifetime | Simon Marcotte – Northern Superior

Will The Government Will Quietly End The Dollar Using Gold | Andy Schectman

The Japanese Gold Mining Advantage | John Proust – Japan Gold

Recommended

First Majestic Posts Record Free Cash Flow In Second Quarter

Silver47 Identifies 35 Mineralized Prospects Across 55 Km Trend At Red Mountain

Related News

Sheinbaum to Trump: Mexico Won’t Bow to Tariff Demands

In a bold and assertive response to U.S. President-elect Donald Trump’s proposed tariffs, Mexican President...

Wednesday, November 27, 2024, 10:52:00 AM

Trump Tells Fed to Lower Rates ‘Immediately,’ Says He Knows ‘Better than They Do’

US President Donald Trump demanded that the Federal Reserve cut rates immediately on Thursday, citing...

Friday, January 24, 2025, 12:53:00 PM

Donald Trump’s Businesses Found Guilty Of Tax Fraud, Maximum Penalty At $1.62 Million

Following a five-week trial, a New York jury convicted the Trump Organization — whose corporations...

Wednesday, December 7, 2022, 09:03:00 AM

Why TikTok Will Likely Be Banned — And Not Sold — In The US

The United States is giving ByteDance, the Chinese owner of TikTok, a stark choice —...

Monday, April 29, 2024, 02:32:05 PM

Trump Wants to Scrap the US Debt Ceiling

President-elect Donald Trump called to abolish the federal debt limit framework on Thursday, saying it’s...

Friday, December 20, 2024, 09:56:33 AM