TikTok's Future: Deadline Extended Amid US-China Talks

President Donald Trump extended the deadline to keep TikTok in the United States until December 16. The decision follows talks between American and Chinese officials aimed at transitioning TikTok's US assets to American ownership. A potential deal is under negotiation, with further discussions planned with Chinese President Xi Jinping.

In a move that keeps the popular social media app TikTok available to American users, President Donald Trump has extended the deadline for its operations in the United States to December 16. This decision allows more time for negotiations regarding TikTok's ownership amidst ongoing dialogues between American and Chinese authorities.

The executive order marks the fourth instance of Trump bypassing federal law to prolong TikTok's operations in the US. Initially set for January 19, the deadline's extension aims to facilitate the social media app's transition to American ownership. Trump has hinted at potential buyers and seeks to finalize the framework deal soon.

President Trump plans further discussions with Chinese President Xi Jinping to address the framework agreement crystallized in a Madrid meeting. The agreement outlines the plan for TikTok's assets to be owned by an American entity to continue operations in the US, reflecting collaborative efforts to lower investment barriers.

(With inputs from agencies.)