U.S. President-elect Donald Trump, set to take office on January 20, has promised to delay the ban on TikTok and shared his vision for a compromise solution.
In a post on his social media platform, Truth Social, Trump announced his intention to issue an executive order on Monday, immediately following his inauguration. The order would extend the timeline for the implementation of the law leading to TikTok’s ban, “so we can reach an agreement that safeguards our national security.”
The order will also ensure that no company involved in preventing TikTok’s ban prior to the directive will face liability, Trump added.
Regarding a potential resolution, Trump outlined a proposal that would allow TikTok to continue operating in the U.S. under specific conditions.
“I would like the U.S. to hold 50% ownership in a joint company. That way, we save TikTok, ensure it is in good hands, and allow it to thrive. Without U.S. consent, TikTok won’t exist. With our consent, it could be worth hundreds of billions, maybe even trillions of dollars. So my initial idea is a joint company formed by current owners and/or new ones, where the U.S. receives 50%,” Trump explained.
The proposal highlights Trump’s emphasis on national security and financial leverage in resolving the ongoing controversy surrounding the platform’s future in the U.S.
