Chinese social media app TikTok has been under the threat of getting banned in the US for months. A new report states that the US government will no longer enforce any deadlines on the Chinese app.
The last deadline (December 4th) was given by the Committee on Foreign Investment in the United States (CFIUS). An extension of the deadline is not expected, but it will not be enforced as discussions between the Trump administration and TikTok continue.
This news was confirmed by CNN tech reporter Brian Fung who said that the US will not enforce its own deadline. His sources claim that the lack of a deadline is proof that the US is “highly motivated” to complete talks of a sale. He said that both parties will continue negotiating in an “open-ended manner”.
NEW: The US government will not extend the Dec. 4 deadline for TikTok to find a buyer, but also will not seek to enforce the order either, according to a person familiar with the matter, allowing the two sides to continue negotiating in an open-ended manner.
— Brian Fung (@b_fung) December 5, 2020
The Trump administration has repeatedly argued that TikTok posed a national security risk and threatened to ban it in the region if it was not sold to an American company.
It is not yet clear how that would resolve the security risks, but Trump approved of Oracle and Walmart’s bid of acquiring a share of TikTok’s business.
The acquisition is yet to receive final approval from China, which seems unlikely.