Trump planning to extend TikTok deadline again: WSJ
ByAinvest
Friday, Jun 6, 2025 1:51 pm ET1min read
SJ--
The Chinese government has been using the TikTok ban as leverage in the ongoing trade negotiations. A Wall Street banker involved in the deal to sell the app to U.S. investors said that Trump could be persuaded to let TikTok "go dark" and disappear from app stores on June 19 if he believes it will give him a strategic advantage in the complex trade deal negotiations with the Chinese.
TikTok has been criticized for allegedly siphoning U.S. data as part of a Chinese government effort to spy on U.S. citizens. The company has denied these allegations. The Biden administration signed the divest-or-ban law, which was slated to go into effect on Jan. 19 – the day before Trump’s inauguration. Trump promptly signed an executive order pushing back the ban by 90 days and announced a second extension in early April. If the deal to sell TikTok to U.S. investors is completed, it will be led by tech giant Oracle, which is founded by Trump friend and supporter Larry Ellison.
The ongoing trade negotiations between the U.S. and China are expected to be contentious, with both sides seeking to gain an advantage. The TikTok ban has been a significant point of contention, with the Chinese government using it as leverage in the negotiations. The U.S. government, on the other hand, has been pushing for a sale of TikTok to a U.S. company, with Oracle being the most likely candidate.
The extension of the TikTok ban deadline is just one of the many issues that the U.S. and China are currently negotiating. The two nations have been engaged in a long-standing trade dispute, with both sides imposing tariffs on each other’s goods. The negotiations are expected to continue for some time, with both sides seeking to reach a mutually beneficial agreement.
References:
[1] https://www.tronweekly.com/trump-media-files-with-sec-for-its-bitcoin-etf/
[2] https://cryptoslate.com/nearly-1-billion-liquidated-as-bitcoin-recovers-from-100k-dip-during-elon-musk-donald-trump-breakup/
[3] https://nypost.com/2025/06/03/business/trump-poised-to-extend-tiktok-ban-deadline-for-third-time-as-us-china-meet-for-trade-talks-source/
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Trump planning to extend TikTok deadline again: WSJ
President Trump is poised to extend the TikTok ban deadline for the third time as the White House and China prepare to hold trade talks. According to a government official, the president is willing to announce another extension if necessary. The previous extension to the law, which forces TikTok’s Chinese parent company ByteDance to sell the popular video-sharing app in the U.S., expires on June 19. However, the two nations are expected to begin discussing their feud over tariffs this week.The Chinese government has been using the TikTok ban as leverage in the ongoing trade negotiations. A Wall Street banker involved in the deal to sell the app to U.S. investors said that Trump could be persuaded to let TikTok "go dark" and disappear from app stores on June 19 if he believes it will give him a strategic advantage in the complex trade deal negotiations with the Chinese.
TikTok has been criticized for allegedly siphoning U.S. data as part of a Chinese government effort to spy on U.S. citizens. The company has denied these allegations. The Biden administration signed the divest-or-ban law, which was slated to go into effect on Jan. 19 – the day before Trump’s inauguration. Trump promptly signed an executive order pushing back the ban by 90 days and announced a second extension in early April. If the deal to sell TikTok to U.S. investors is completed, it will be led by tech giant Oracle, which is founded by Trump friend and supporter Larry Ellison.
The ongoing trade negotiations between the U.S. and China are expected to be contentious, with both sides seeking to gain an advantage. The TikTok ban has been a significant point of contention, with the Chinese government using it as leverage in the negotiations. The U.S. government, on the other hand, has been pushing for a sale of TikTok to a U.S. company, with Oracle being the most likely candidate.
The extension of the TikTok ban deadline is just one of the many issues that the U.S. and China are currently negotiating. The two nations have been engaged in a long-standing trade dispute, with both sides imposing tariffs on each other’s goods. The negotiations are expected to continue for some time, with both sides seeking to reach a mutually beneficial agreement.
References:
[1] https://www.tronweekly.com/trump-media-files-with-sec-for-its-bitcoin-etf/
[2] https://cryptoslate.com/nearly-1-billion-liquidated-as-bitcoin-recovers-from-100k-dip-during-elon-musk-donald-trump-breakup/
[3] https://nypost.com/2025/06/03/business/trump-poised-to-extend-tiktok-ban-deadline-for-third-time-as-us-china-meet-for-trade-talks-source/
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