JAKARTA TikTok divestment rules have been suspended for nearly four months, but the company has not separated from ByteDance. Therefore, Donald Trump will extend his deadline.
Trump made this plan while attending the NBC News program some time ago. The US president said he would extend the suspension deadline until June 19, 2025.
Trump still hopes that ByteDance will sell TikTok assets in the US to potential buyers in his country, moreover many parties have submitted purchase proposals to ByteDance. Trump said, "I want to see it (TikTok divestment) be implemented."
Not without reason Trump allowed TikTok to operate to this day. During the campaign period, TikTok provided support and Trump acknowledged it. He said that TikTok had a ' sweet spot' during the election period.
"TikTok is very interesting, but it will be protected," he added. So far, Trump has suspended the rules for TikTok divestment twice. It is not certain how long this third suspension will take effect.
On the other hand, this suspension met with resistance from Democratic senators. The party, which had nominated Kamala Harris, stated that Trump did not have the legal authority to extend his suspension deadline.
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US And China Deal Regarding TikTok
ByteDance's closest US source, reported by Reuters, said last month that a prospective agreement on the future of TikTok in the US was still ongoing. However, the White House and the Chinese government need to resolve the issue of trade rates first.
Trump had said that China wanted the TikTok deal in the US to be reached. The US president hopes that divestment will still be achieved without the need to lower China's import rates. However, Trump could lower his tariff slightly as part of the deal.
"One day, I will lower it because otherwise you will never be able to do business with them. And they really want to do business," Trump explained.
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