Trump to extend TikTok ban enforcement to continue work on a sale deal
CNN
President Donald Trump announced on Friday that he will again delay enforcement of the TikTok sale-or-ban law for 75 days, as his staff continues to work on a deal to preserve access to the app in the United States.
President Donald Trump announced on Friday that he will again delay enforcement of the TikTok sale-or-ban law for 75 days, as his staff continues to work on a deal to preserve access to the app in the United States. “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed,” Trump said in a post on Truth Social. The announcement comes just one day before the ban was set to go into effect, after Trump delayed by an initial 75 days it when he took office in January. Former President Joe Biden signed a law last year that required TikTok’s China-based parent company ByteDance to divest the app or face a US ban, over national security concerns. The law was set to go into effect in January, but Trump said he would delay its enforcement in hopes of reaching a deal to keep the app “alive.” Both Trump and Vice President JD Vance — who was tapped with leading the TikTok dealmaking effort — repeatedly said in recent days that they expected there would be a deal by the April 5 deadline. Sources familiar with the White House’s discussions told CNN earlier this week that Trump staffers were considering a deal that would involve selling most of TikTok’s US assets to tech company Oracle and other American investors, leaving ByteDance with a minority stake in the app. Trump did not offer any details on the potential deal in his Friday post, but indicated more time is needed to finalize it.

If paying $1,000 for a new iPhone already sounded expensive, consumers should brace for even greater sticker shock later this year. President Donald Trump’s tariffs on foreign goods – specifically those sourced from China – are expected to heighten the prices of everyday tech products, from iPhones to laptops, cars and even smaller gadgets like headphones and computer mice.

The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.

The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.