Overview

• President Trump will sign an executive order extending by 90 days the deadline for ByteDance to divest TikTok’s U.S. assets or face a ban.
• This marks the third reprieve since January under the 2024 law that mandates a sale or nationwide prohibition on national security grounds.
• The extension keeps TikTok available to its 170 million American users as officials work to finalize a deal that addresses data security requirements.
• Potential buyers including Oracle, Microsoft, Amazon and a consortium led by Frank McCourt are in talks, but any agreement must win Beijing’s approval.
• Lawmakers such as Sen. Eric Schmitt have questioned the legality of repeated delays and criticized the lack of progress on enforcing the divest-or-ban law.