TikTok Resumes US Access as Trump Plans to Postpone Ban
Nisha Gopalan
Nisha Gopalan 1 year ago
Senior Financial News Editor #Finance News
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TikTok Resumes US Access as Trump Plans to Postpone Ban

TikTok is restoring its service in the US following President-elect Trump's announcement to delay the app's ban, aiming for a joint US ownership stake.

Key Highlights

  • TikTok is actively restoring service after President-elect Donald Trump announced plans to delay the US ban on the Chinese-owned app.
  • Trump proposed that the US should hold a 50% ownership share in TikTok through a joint venture.
  • The app temporarily went offline after the Supreme Court upheld legislation requiring ByteDance to divest or face a ban.

TikTok confirmed on Sunday that it is in the process of reinstating access for users in the United States. This follows President-elect Trump's declaration that he will issue an executive order to postpone the enforcement of the ban on the social media platform.

Trump, set to be inaugurated at noon ET on Monday, also expressed on his social media platform, Truth Social, his desire for the US to acquire half ownership of TikTok.

"In coordination with our service providers, TikTok is restoring service," the company posted on X. "We appreciate President Trump’s clarity and assurances that providers will face no penalties for supporting TikTok’s availability to over 170 million Americans and aiding more than 7 million small businesses."

The app went offline Sunday after the Supreme Court upheld a law mandating ByteDance to sell TikTok or face a ban in the US. This law, passed by Congress and signed by President Joe Biden in April, requires the Chinese parent company to divest by January 19, 2025, citing national security concerns.

Trump stated on Truth Social, "I’m asking companies not to let TikTok stay dark! I will issue an executive order to extend the timeframe before the ban takes effect, allowing negotiations to protect national security. The order will also ensure no liability for companies that kept TikTok operational before my directive."

Trump Advocates 50% US Stake in TikTok

"My initial proposal is a joint venture where the US holds 50% ownership alongside current or new owners," Trump added, emphasizing this would "save TikTok."

While Chinese officials prefer TikTok remain under ByteDance control, reports suggest internal discussions about transferring US operations to a "trusted non-Chinese party," such as Elon Musk, have taken place.

Despite these developments, TikTok was removed from Google Play Store and Apple App Store in the US by early Sunday afternoon.

Apple stated, "Under the Protecting Americans from Foreign Adversary Controlled Applications Act, apps developed by ByteDance Ltd. and subsidiaries—including TikTok, CapCut, Lemon8—will no longer be available for download or updates in the US starting January 19, 2025."

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