Trump Announces Executive Order to Delay TikTok Ban, Proposes U.S. Joint Ownership
Washington, D.C. – U.S. President-Elect Donald J. Trump has announced via Truth Social that he will sign an executive order on Monday to delay the nationwide ban on TikTok, which took effect at midnight.
Trump urged companies not to block access to TikTok in the meantime, promising that his order will “extend the period of time before the law’s prohibitions take effect,” allowing for negotiations to “protect national security.” He also assured businesses that they will face “no liability” for continuing to provide access to TikTok until the executive order is issued.
In a surprising proposal, Trump suggested the creation of a joint venture in which the United States would hold a 50% ownership stake alongside the app’s current or potential new owners. He stated that such a move would “save TikTok” and potentially increase its value to “hundreds of billions, maybe trillions of dollars.”
“Without U.S. approval, there is no TikTok. With our approval, it is worth hundreds of billions of dollars—maybe trillions,” Trump wrote.
The president-elect emphasized the importance of TikTok remaining operational to allow Americans to witness his upcoming Inauguration Day events and other key moments.
Background: The TikTok ban, signed into law under national security concerns regarding Chinese ownership, has faced significant opposition from businesses and content creators who rely on the platform for income and communication.
It remains unclear how Trump’s proposal for a joint ownership structure would align with current national security policies and legal frameworks regarding foreign-owned technology companies operating in the U.S.
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