Donald Trump has extended the deadline on the TikTok ban by 75 days but is now pushing for 50 percent U.S. ownership—an unlikely scenario.

It's becoming clear that everything may be up for negotiation with President Donald Trump. That might not be a bad thing for China. The U.S. leader warned the People's Republic could face tariffs of up to 100% if Beijing does not approve a sale of TikTok,

In an executive order signed on Monday, Trump instructed the U.S. attorney general to not enforce the ban for 75 days while his administration determines “the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown” of TikTok.

TikTok restored US services after Donald Trump pledged to delay enforcement of a ban. Yet it’s not clear whether the app’s Chinese parent is able — or willing — to secure a US backer in time to avoid a permanent shutdown.

For many of America’s 170 million TikTok users, US President Donald Trump’s move to delay a legal ban of the popular social media platform was cause for celebration. But in China, where TikTok’s parent company is based,

Chinese authorities appear to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ByteDance to begin talks with American investors, according to people familiar with the matter.

A change to China’s export rules could give Beijing sign off on any deal that would force the internet giant ByteDance to give up TikTok.

China’s internet companies and their hard-working, resourceful professionals make world-class products, in spite of censorship and malign neglect by Beijing.

While Trump gained praise from users for the reprieve, he faces long-time skeptics in his own Republican Party about what they see as the app’s ongoing national security threat.

During his campaign, Trump had vowed to hit China with 60 per cent tariffs, before threatening an additional 10 per cent on the first day of his presidency to compel Beijing to crack down on flows of precursor drugs for fentanyl.

Kevin O’Leary says that he’s still interested in deal for TikTok, but that it’s no longer legally viable, even after Trump extended a ban on the platform.