President Donald Trump announced that he has signed an executive order granting TikTok an additional 75 days to continue operating in the United States, extending the deadline to June 19. In a post on his social media platform, Truth Social, Trump stated that his administration has been working hard on a deal with the company and that significant progress has already been made.
However, he noted that the agreement still requires further work to ensure all necessary approvals are secured. Trump reaffirmed his willingness to continue working “in good faith” with China, though he acknowledged that the country is unhappy with the reciprocal tariffs—measures he views as essential for maintaining fair and balanced trade between the two nations.
He emphasized that this situation demonstrates the power of tariffs as an economic tool and their importance to national security. Trump also made it clear that he does not want TikTok to be shut down and expressed hope to keep collaborating with the platform and with China to finalize the deal.
“The deal needs more work to ensure all required approvals are signed, so I’m issuing an executive order to keep TikTok operating for an additional 75 days,” Trump stated.
Meanwhile, TikTok’s parent company, ByteDance, confirmed that it remains in discussions with the U.S. government regarding a potential resolution. “No agreement has been signed. Key issues remain,” the company said.
TikTok, the popular short-video app, is facing a critical deadline: it has until June 19, 2025, to separate from its China-based parent company, ByteDance. If it fails to do so, it could be banned in the U.S.
This ultimatum has sparked significant interest from major corporations and high-profile individuals eager to acquire or partner with the platform. One of the most prominent names in this context is Amazon. According to The New York Times, the e-commerce giant has reportedly made an offer to acquire TikTok, although no official confirmation has been issued by the involved parties.
Amazon already has a strong connection with TikTok, as the app has become a hub for influencers promoting Amazon products and earning commissions on sales.
Private equity firm Blackstone is also reportedly exploring the possibility of joining non-Chinese ByteDance investors such as Susquehanna International Group and General Atlantic to inject fresh capital and compete for TikTok’s U.S. business.
Additionally, U.S. venture capital firm Andreessen Horowitz is said to be in talks to raise external funding aimed at acquiring the Chinese investors’ stake in TikTok, according to a report by Financial Times.
Interest in TikTok isn’t limited to corporate players—popular YouTuber and influencer MrBeast has also expressed a desire to take part in acquiring the platform.
TikTok’s situation in the U.S. remains complex and rapidly evolving. With the government-imposed deadline quickly approaching, the app’s future in the country is still uncertain. Negotiations and proposals continue to unfold amid intense competition and global interest.
