Trump says will delay TikTok ban, proposes US part-ownership

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Trump says will delay TikTok ban, proposes US part-ownership
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The law however includes a clause allowing for a 90-day delay if the White House can show progress toward a viable deal.

WASHINGTON - President-elect Donald Trump on Sunday called for the United States to take part-ownership in TikTok and vowed to issue an executive order delaying a looming ban on the wildly popular app to allow time to"make a deal." Trump's announcement came hours after TikTok went dark in the United States under a law banning it in the name of national security, as a deadline for its Chinese owners ByteDance to sell its US subsidiary to non-Chinese buyers lapsed.

"I will issue an executive order on Monday to extend the period of time before the law's prohibitions take effect, so that we can make a deal to protect our national security," Trump said on his Truth Social platform. In an earlier message to dismayed users trying to access the app on Sunday, TikTok said that"we are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned!"

But the app now has a fan in Trump, who -- since signing an executive order stepping up pressure on ByteDance to sell in 2020 -- has since credited the app with connecting him to younger voters."Congress wrote this law to be virtually president-proof," warned Adam Kovacevich, chief executive of industry trade group Chamber of Progress.

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