President Trump signed an executive order granting TikTok a 75-day reprieve from being banned in the US, allowing its parent company to find a US buyer. Trump suggested the US should receive 50% ownership of the platform, valued at $1 trillion. This provides temporary relief for TikTok's 170 million US users, but national security concerns and legal questions about the order persist.
President Donald Trump has signed an executive order granting TikTok a 75-day reprieve to continue operating in the U.S., allowing its China-based parent company additional time to secure a U.S. buyer. As part of his remarks, Trump suggested that the United States should receive 50% ownership of the platform, which he estimated to be worth $1 trillion. The move provides temporary relief for TikTok’s 170 million U.S.
"I think the US should be entitled to get half of TikTok and, congratulations, TikTok has a good partner," Trump said, suggesting that the deal could be worth $500 billion.Trump’s executive order provides temporary relief to TikTok’s 170 million U.S. users, who faced uncertainty over the platform’s future. However, the president’s legal authority to override the law remains unclear, raising questions about whether the reprieve will hold up in court.TikTok’s operations in the U.S.
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