Trump gives an exciting mysterious update to the Tiktok deal

On Monday, Treasury Secretary Scott Payet announced that negotiators from the United States and China have agreed to a “framework” of a deal that would give an American company Tiktok control. While most people assumed that we hear about the details this week, we arrived on Friday, and it is still unclear what might happen with the video sharing platform.

President Donald Trump invited President Xi Jinping from China on Friday to discuss a set of topics. Trump has twice in a new social position on Friday about the invitation, but anyone trying to read between the lines about what it means to the ownership of the Tiktok brand will struggle.

“I just completed a very fruitful invitation with the eleventh president of China. We have made progress on many important issues including trade, fentanel, the need to make war between Russia and Ukraine to some extent, and the approval of the Tiktok deal, Trump,” books Its style is usually unusual.

“I also agreed with President Xi to meet at the APEC summit in South Korea, and that I will go to China in the first part of next year, and that President Xi will similarly come to the United States at an appropriate time,” Trump continued.

“The call was very good, and we will talk again on the phone, and we can agree to Tiktok, both of whom are looking to meet at APEC!” Trump wrote.

This is all. There is no advertisement for some US -based companies, such as Orasle, bearing the responsibility of Tiktok. It does not boast about how he got a lot that was impossible during the Biden era. He has not evenuded to the United States government, which has a share and the amount of control that he will be able to use under this arrangement. All we have obtained is “we appreciate the Tiktok approval”, which leaves a lot of questions.

the Wall Street Journal It was reported on Tuesday that Oracle, Silver Lake and Andressen Horowitz were all working together to get a 80 % stake in Tiktok. The newspaper pointed out that the new company that controls us Tiktok will get a “American Board of Directors”, with the appointment of one member of the Board of Directors by the Trump system. But we can assume that everything that is obtained between Oracle and Chinese leadership in Tiktok has not yet been agreed. Because, again, nothing loves Trump more than credit in a deal.

Tiktok’s road has been rugged in the United States since Trump has signed an executive thing trying to ban the social media platform during his first term. This was linked to the courts and faded during the early years of Biden’s presidency.

After that, Congress passed a law in 2024, which Biden signed, which he said was that Points would be required to sell Tiktok to the interests of the United States or was fully banned in the United States on the deadline that happens that was on January 19, the day that Trump had already opened for a second period. Trump promised not to impose the law, and then, when he took office properly, this was the deadline extended Until April. Trump signed an executive order Extension again Until June. This was extended again until September 17.

Trump signed another order this week to expand the deadline until December 16. None of this seems to be legal, according to most legal experts. You can not only ignore the law indefinitely and signing executive orders to achieve this. When Congress passes a law, it must be implemented. like Politico Put it, “The entire situation has no clear precedent in the records of American law.”

It is not even clear that any deal currently being cooked would adhere to the law 2024 as it is written. Chinese officials said this week that the deal they are working on include China “Tiktok” license and other intellectual property rights, “he said. Financial times. However, specifically that the algorithm approved by the law approved by Congress for the reasons for “national security”.

It appears that any deal will also require users to deport to a new application, although we do not know what it looks like that. Trump withdrew only 180 on Tiktok in March 2024 during the period before the presidential elections. He insists that this is that the youth on the platform love it. Certainly, it is a coincidence that the huge republic, Jeff Yas, the billionaire with a Great investment in bytedanceAnd according to Trump’s ear almost at the same time.

What next? We do not know. But given the feelings coming from the White House at the present time, the deal does not feel the chic. This may change, but there is no real pressure to get something quickly, and now after Trump extended the deadline again until December. And if he expanded it a fourth time with no real reaction from Congress, there is no reason to believe that he cannot go to the fifth number.