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Donald Trump plans executive order to help TikTok stay in service

by Investor News Today
January 19, 2025
in Business
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Donald Trump plans executive order to help TikTok stay in service
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President-elect Donald Trump stated he would situation an government order on Monday that may assure that firms that helped TikTok keep in service wouldn’t be held accountable for violating a ban handed by Congress.

TikTok suspended service this weekend forward of a Sunday deadline that required ByteDance, the app’s Chinese language proprietor, to promote the video app so as to keep away from a ban on app shops permitting downloads.

“I’m asking firms to not let TikTok keep darkish!,” Trump said on his Fact Social platform on Sunday.

“I’ll situation an government order on Monday to increase the time period earlier than the legislation’s prohibitions take impact, in order that we are able to make a deal to guard our nationwide safety,” the president-elect stated.

Trump added that his order would be certain that firms that helped TikTok keep in service would face “no legal responsibility”.

Earlier on Sunday, Mike Waltz, a Florida lawmaker who will grow to be nationwide safety adviser when Trump is inaugurated on Monday, informed CNN the president-elect would think about permitting continued Chinese language possession however with “firewalls” to make sure the app’s information was “protected right here on US soil”.

Trump stated in his Fact Social put up that he would love the US “to have a 50% possession place in a three way partnership”.

“By doing this, we save TikTok, maintain it in good fingers and permit it to say [sic] up,” Trump stated. “With out U.S. approval, there isn’t any TikTok. With our approval, it’s price a whole lot of billions of {dollars} — possibly trillions.” 
 
“My preliminary thought is a three way partnership between the present house owners and/or new house owners whereby the U.S. will get a 50% possession in a three way partnership arrange between the U.S. and whichever buy we so select.”

Lawmakers and US safety officers consider the Chinese language authorities may use TikTok to acquire the private data of People that may facilitate espionage. TikTok denies that China has any management over the app.

The Supreme Court docket on Friday upheld the ban, which took impact on Sunday. Trump on Saturday stated he would “most definitely” lengthen the deadline to promote TikTok, which has been downloaded by 170mn People, by 90 days.

Beneficial

However some Republican lawmakers, together with Tom Cotton, who chairs the Senate intelligence committee, and Nebraska Senator Pete Ricketts, stated in an announcement that there was “no authorized foundation for any sort of ‘extension’”.

One individual concerned in drafting the TikTok legislation stated there was no provision within the laws for an extension as soon as the January 19 deadline had handed. 

The legislation did allow a 90-day extension if sure situations had been met — together with proof of “vital progress” in the direction of a divestiture and “binding agreements” to allow execution — however provided that they got here earlier than the deadline. 

In a separate interview with CBS tv, Waltz stated Trump wanted time to guage potential offers to avoid wasting the app.

“What we want between now and Monday is to purchase the president a while to guage these offers and if it goes darkish that’s going to be clearly extraordinarily problematic,” he stated.

Mike Johnson, the Republican Speaker of the Home of Representatives, informed NBC he believed that when Trump stated “save TikTok” the president-elect was referring to methods “to attempt to pressure alongside a real divestiture”.

In his first time period, Trump issued an government order to cease TikTok from working within the US, but it surely was blocked by the courts. His administration additionally tried to engineer a deal that may guarantee China couldn’t entry the information. China’s nationwide safety legal guidelines require Chinese language firms at hand over information when so ordered by the federal government.

Trump final 12 months expressed opposition to the congressional divest-or-ban legislation, saying it will assist Fb, which banned him from its platform for 2 years. Fb competes with TikTok by means of its Instagram app.



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