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Fortune

Lionel Lim

Trump throws TikTok a lifeline—yet floats 100% tariffs on China if a deal isn't reached

TikTok Donald Trump China United States Joe Biden ByteDance Department of Justice Executive Order

(Credit: Jim Lo Scalzo—EPA/Bloomberg via Getty Images)

Newly-inaugurated U.S. President Donald Trump gave TikTok a brief reprieve on Monday, giving the Chinese-owned social media app a few more months to find a U.S. buyer.

TikTok briefly went dark for U.S. users for about 12 hours on Sunday, with the company blaming a lack of clarity from the Biden administration and the Department of Justice for the brief suspension. When it came back online, the platform publicly thanked Trump for his efforts to bring TikTok back online. On Monday, Trump ordered the Department of Justice to delay implementing the ban for 75 days.

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