Trump has shifted the date of sale of American assets by Tiktok by 75 days

US President Donald Trump extended the date on Friday by 75 days, in which the Chinese technology company Bytedance must sell buyers from outside China, American assets of the popular Video Tiktok application. Otherwise, she is in danger of a ban on operating in the USA, which was to enter into force in January.

“The contract requires more work to sign all the necessary consents,” said Trump. The sales date he set in January was to expire on Saturday.

The American president explained that his administration was in contact with four different groups regarding a potential contract with Tiktok. However, he did not mention their names. “We don't want Tiktok to disappear,” he added.

According to Reuters, conversations conducted by the White House about the future of Tiktok, which is used by about half of the Americans, focus around the plan, according to which the largest investors from outside China in the mother company Bytedance are to increase their shares and take over American application operations.

The plan assumes the separation of an American entity for the thicket and reduction of Chinese shares below the threshold of 20 percent, required by US law.

The biggest obstacle to any agreement regarding the activities of Tiktok in the USA is the consent of the Chinese government. Until now, Beijing has not pilled in public to permission to sell.

In January this year. The Tiktok service was temporarily inaccessible in the US due to the upcoming date of entry into force of the Act on the ban on its activity, if it continues to owe Bytedance. However, the day after its inauguration, Trump shifted the beginning of the Act on two and a half months, as a result of which the platform's activity was restored. The US president then admitted that he changed his mind about the Chinese application after he used it and when he helped him get young voters. (PAP)

ZM/ Kar/