whatsapp

"Trump Proposes 50% US Ownership of TikTok After App Restores Service"

/media/gulf_articles_9_SXoAUmG.webp © Image Copyrights Title

Hours after TikTok temporarily ceased operations in the United States, incoming President Donald Trump announced on Sunday that he would issue an executive order to delay the enforcement of a ban on the app for 90 days. Trump’s statement, made on his Truth Social platform, highlighted his plans for a joint venture to give the United States a 50% ownership stake in TikTok, aiming to address national security concerns while preserving the app’s presence in the country.

TikTok Resumes Service Amid New Deal Proposals

TikTok, owned by the Chinese company ByteDance, restored its services on Sunday after previously going dark in compliance with a ban issued by the outgoing Biden administration. In a statement, TikTok thanked President-elect Trump for providing "clarity and assurance" to its service providers and users.

"We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive," TikTok said. "We will work with President Trump on a long-term solution that keeps TikTok in the United States."

The platform praised Trump for taking a strong stand against censorship, emphasizing the app’s importance to its American users and the First Amendment.

Trump's Executive Order and Ownership Plan

Donald Trump, set to become the 47th President of the United States on Monday, revealed plans to issue an executive order to extend the grace period before the TikTok ban takes full effect.

“I would like the United States to have a 50% ownership position in a joint venture,” Trump wrote on Truth Social. He added that his order would ensure no liability for companies involved in preventing TikTok from going offline before a deal is finalized.

Speaking at a rally ahead of his inauguration, Trump said, "Frankly, we have no choice. We have to save it." He credited the app with its role in helping him connect with younger voters, a demographic he attributed to his 2024 election victory.

Revisiting Trump’s TikTok Stance

Trump’s current stance on TikTok marks a significant shift from his approach during his first term. In 2020, Trump pushed to ban TikTok over concerns that ByteDance was sharing Americans’ personal data with the Chinese government. An executive order at the time demanded that ByteDance sell its US operations, though a proposed deal involving Oracle and Walmart failed to materialize.

In contrast, Trump now expresses a favorable view of TikTok, calling it "a platform I have a warm spot in my heart for," particularly for its role in his 2024 campaign.

National Security Concerns Persist

The ban initially stemmed from fears that ByteDance’s ownership posed a national security threat, with US officials warning about the potential misuse of Americans’ data by the Chinese government. Trump’s proposed joint venture and the delay in enforcing the ban aim to address these concerns while keeping the app operational in the US.

Looking Ahead

Trump’s proposed solution seeks to balance national security with the app’s widespread popularity among Americans. With TikTok’s restored operations and the promise of a 90-day reprieve, the spotlight now shifts to negotiations for a joint venture that could redefine the app’s ownership and future in the United States.

As Trump assumes office, the resolution of TikTok’s status is poised to become a significant marker of his administration’s approach to digital platforms and US-China relations.

Commnets 0
Leave A Comment

Related Posts
© Egypt, UAE Explore Wider Oil and Gas Drilling Partnership

Egypt, UAE Explore Wider Oil and Gas Drilling Partnership

Egypt and the United Arab Emirates are exploring deeper cooperation in oil and gas drilling as Cairo moves ahead with plans to increase domestic production through a broader programme of onshore and o...

© Former JPMorgan Executive Matt Zames Joins Social Security Agency as Advisor

Former JPMorgan Executive Matt Zames Joins Social Security Agency as Advisor

Former JPMorgan Chase executive Matt Zames is set to join the U.S. Social Security Administration in an unpaid advisory role, according to people familiar with the appointment....

© U.S. Treasury Bond Buybacks Offer Short-Term Relief as Debt Concerns Grow

U.S. Treasury Bond Buybacks Offer Short-Term Relief as Debt Concerns Grow

The U.S. Treasury’s decision to expand purchases of longer-term government bonds may ease pressure in the bond market temporarily, but analysts warn it does little to solve America’s broader debt prob...

© Jaywan Payment Network Expands Across UAE Airlines, Retail and E-Commerce

Jaywan Payment Network Expands Across UAE Airlines, Retail and E-Commerce

The UAE’s domestic payment network, Jaywan, is gaining wider acceptance as airlines, shopping destinations and online retailers begin integrating the card into their payment systems....

© UniCredit Moves Closer to Commerzbank Control as German Resistance Softens

UniCredit Moves Closer to Commerzbank Control as German Resistance Softens

Italian banking group UniCredit is moving closer to gaining control of Germany’s Commerzbank, as signs emerge that Berlin may be becoming more open to discussing the future of its remaining stake in t...

© Trump Orders Tariffs of Up to 100% on Imported Drones

Trump Orders Tariffs of Up to 100% on Imported Drones

US President Donald Trump has ordered sweeping new tariffs on imported drones and key components, with duties reaching as high as 100% for certain advanced systems as his administration seeks to reduc...

© ADNOC’s XRG Enters Venezuela With Stake in Loran Gas Project

ADNOC’s XRG Enters Venezuela With Stake in Loran Gas Project

ADNOC-backed investment company XRG has entered Venezuela’s energy sector after securing an interest in the offshore Loran gas licence, expanding its growing international natural gas portfolio into a...

© UAE Flight Update: India Travel Advisory and Regional Cancellations

UAE Flight Update: India Travel Advisory and Regional Cancellations

Most flights across the UAE are operating normally on August 13, although selected services to Bahrain and Kuwait have faced cancellations, delays or schedule changes....

© UAE Steps Up Tax Enforcement, Seizes 8.45 Million Non-Compliant Excise Products

UAE Steps Up Tax Enforcement, Seizes 8.45 Million Non-Compliant Excise Products

The UAE’s Federal Tax Authority (FTA) confiscated around 8.45 million non-compliant excise products during the first six months of 2026 as part of a nationwide campaign targeting tax violations, illic...

© Diesel Prices Surge as Refinery Attacks Tighten Global Fuel Supplies

Diesel Prices Surge as Refinery Attacks Tighten Global Fuel Supplies

Diesel prices have surged across the United States and Europe as attacks on major refineries, depleted inventories and continuing disruption to key energy shipping routes intensify concerns over globa...