President Trump announced a 75-day extension for TikTok to finalize its sale to a US buyer, citing ongoing efforts and progress in negotiations. He emphasizes the importance of continuing to work with China on the deal. Although multiple groups, including Amazon, have expressed interest in acquiring TikTok's US operations, no agreements have been satisfactorily reached between the involved parties, including the US government, TikTok's parent company ByteDance, and the Chinese government.
President Trump noted on Truth Social, "we're working very hard on a deal to save TikTok" but acknowledged that more work is necessary before a successful agreement can be made.
The deadline for TikTok's sale or ban was extended because Trump wants to maintain the app's operations in the US while negotiating with potential buyers.
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