Trump: "Let's Create a US-China Joint Venture for TikTok"... 75-Day Delay on Ban Law

U.S. President Donald Trump signed an order on the 20th (local time) to delay the enforcement of the TikTok ban law (a law forcing the sale of TikTok's U.S. business rights) for 75 days immediately after his inauguration, according to reports by The New York Times (NYT) and others.

President Trump instructed the Attorney General not to take any action to enforce the TikTok ban law.

US President Donald Trump signing an executive order. Photo by Reuters and Yonhap News.

After signing the order at the White House, President Trump said, "We have given the right to sell it (to a U.S. company) or shut it down," adding, "The United States deserves to take half of TikTok."

He also proposed creating a joint venture between a U.S. company and TikTok's parent company, ByteDance, with U.S. companies holding more than 50% of the shares, and said that if China does not approve this plan, tariffs could be imposed on China.

Earlier, in April last year, the U.S. Congress raised national security concerns about ByteDance, a Chinese company and TikTok's parent company, and enacted a bill banning new TikTok downloads starting from the 19th of this month if ByteDance does not sell its U.S. business rights to a U.S. company. However, the enforcement was postponed by 75 days to allow time to find a solution.

However, the NYT pointed out that it is uncertain whether this measure can nullify the existing ban law. The bill allows the ban period to be extended up to 90 days if there is progress in the sale, but it is unclear whether an extension is possible once the ban has already been enforced.

This content was produced with the assistance of AI translation services.