00:00President Donald Trump has just extended the TikTok deadline again. That's right,
00:04ByteDance now has 75 more days to sell or face a total shutdown. This marks Trump's second
00:11extension and he says the deal needs more work to secure all necessary approvals.
00:17Announced on his True Social account, Trump confirmed TikTok will stay up and running
00:22until mid-June while negotiations continue with a lot of big names in the race to purchase a
00:27ByteDance-owned app. Reports state among those names include American multinational
00:31computer technology company Oracle, led by Larry Ellison. Even Amazon, founded by Jeff Bezos in
00:381994, and Project Liberty, an impact initiative backed by billionaire Frank McCourt and Reddit
00:43co-founder Alexis Ohanian, are all eyeing a piece of the action. In the president's post,
00:49Trump brought up the power of tariffs, stating, quote,
00:52We hope to continue working in good faith with China, who I understand are not very happy about
00:57reciprocal tariffs necessary for fair and balanced trade between China and the USA.
01:02This proves that tariffs are the most powerful economic tool and are very important to our
01:07national security. While the current president is confident in a successful deal, some feel
01:12this will never end. Although many are lining up to place bids to purchase TikTok, the deal still
01:18needs approval from China. And with ByteDance showing no interest in selling in the past,
01:23combined with China recently slapping 34% retaliatory tariffs on U.S. goods,
01:28in response to Trump's new trade policy, we might be looking at yet another extension this summer.
01:33But what do you think? Share your thoughts below and follow us everywhere at What's Trending.
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