The U.S. Treasury Department and China’s ByteDance have said they are working to resolve a dispute surrounding U.S. national security issues. National security prompted President Trump to order the company to divest its popular TikTok app by Thursday (Nov. 12).
An order signed by Trump on Aug. 14 set a 90-day deadline. At the time, he said the Chinese government could spy on TikTok users if the app remained in the hands of the Chinese company.
TikTok has said it poses no security threat and has been working to reach agreements with Oracle Corp. and Walmart Inc. to transfer TikTok’s U.S. operations to a new company. Earlier this week, TikTok asked the court to approve the extension because the Trump administration did not give “substantial feedback” on its previously proposed solution.
In a statement on Tuesday, TikTok said: “In the face of constant new requests and uncertainty as to whether our proposed solution will be accepted, with respect to the August 14 order, we are requesting a 30-day extension.”
On Wednesday, the U.S. Treasury Department said, “In accordance with the August 14 Order signed by the President, the Treasury Department remains focused on resolving the national security risks arising from Byte’s acquisition of Musical.ly. We have been clear with Byte TikTok about the steps needed to reach a resolution.”
TikTok has 100 million U.S. users.
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