Has been “significant progress” in carrying it out, and “the relevant binding legal agreements are in place to enable execution of such qualified divestiture during the period of such extension.”
No such legally binding agreements have been disclosed to the public. They would probably have to invest tens of billions of dollars on TikTok’s U.S.
Operations if a last-minute buyer showed up. Trump remained silent when asked whether he was aware of any new developments about a sale.
Trump’s support for TikTok is a stark contrast to his position during his first term, when he issued executive orders banning the Chinese messaging app WeChat in addition to TikTok.
The courts at the time thwarted Trump’s effort. Following a short meeting with one of the app’s rich American backers last year, he reversed his position.
Because of ByteDance’s connections to the Chinese government, lawmakers who have backed a sale or ban argue that some action is required. They contend that the Chinese government.
