UNITED STATES: Trump to issue executive order delaying ban on TikTok

Donald Trump said he will issue an executive order delaying a ban on TikTok when he becomes president on Monday, and proposed the United States take 50 per cent ownership in the Chinese-owned app’s American subsidiary. “I would like the United States to have a 50% ownership position in a joint venture,” the Republican posted […]

Donald Trump said he will issue an executive order delaying a ban on TikTok when he becomes president on Monday, and proposed the United States take 50 per cent ownership in the Chinese-owned app’s American subsidiary.

“I would like the United States to have a 50% ownership position in a joint venture,” the Republican posted on his Truth Social platform, adding that his executive order would extend the time before a law banning the video-sharing app ultimately takes effect “so that we can make a deal.”

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He said his “initial thought” was for “a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership in a joint venture set up between the U.S. and whichever purchase we so choose.”