Trump said the Tiktok buyers will be announced in two weeks, but said the sale requires permission from Chinese owners.
Tiktok stays when President Donald Trump extends the ban period
President Donald Trump has signed an executive order extending the deadline to ban Tiktok.
President Donald Trump said his administration has identified a group of Tiktok buyers and their names will be made public in two weeks.
Trump announced to Maria Bartilomo in an interview about “Sunday Morning Futures” while talking about potential tariff transactions.
“We have a Tiktok buyer by the way,” Trump said in an interview released on June 29th. “I think it probably needs China’s approval.
He said the buyers were “a group of very wealthy people” without providing additional details.
Ten days ago, Trump signed a 90-day extension to prevent Tiktok’s sales and van laws from coming into effect after they were passed by Congress. Lawmakers say they are worried that the company may be using a mega-popular video platform to spy on Americans.
The latest delay was the third move for Trump to use executive orders to prevent the law from being enacted.
Congress approved a ban on the app if it was not sold to a non-Chinese company last year, and former President Joe Biden signed the law. The Supreme Court has since supported the constitutionality of the potential ban, but since taking office, Trump has directed the Justice Department not to enforce it. His executive order prevented the app from getting dark.
