Connect with us

Hi, what are you looking for?

Investing

‘No better dealmaker’: Trump reportedly considering executive order to ‘save’ TikTok

President-elect Trump is seeking to ‘save’ the popular Chinese-owned social media app TikTok, according to his transition team – even if the Supreme Court looks to enforce a federal law that could essentially outlaw it in the U.S.

When questioned on Wednesday about a Washington Post report claiming that Trump might issue an executive order to prevent TikTok from being banned, Rep. Mike Waltz, R-Fla., Trump’s pick for national security adviser, suggested that Trump could consider the move.

‘If the Supreme Court rules in favor of the law, President Trump has been very clear. First, TikTok is a widely used platform by many Americans and has been instrumental in his campaign and in spreading his message,’ Waltz told Fox News’ Bret Baier. ‘But number two, he’s going to protect their data. He’s a dealmaker. I don’t want to get ahead of our executive orders, but we’re going to create this space to put that deal in place.’

Karoline Leavitt, the Trump-Vance transition spokeswoman, echoed that sentiment on Thursday.

‘President Trump has repeatedly expressed his desire to save TikTok, and there’s no better dealmaker than Donald Trump,’ Leavitt told Fox News Digital.

A recent law giving the company nine months to either divest from its Chinese parent company, ByteDance, or be removed from U.S.-based app stores and hosting services was the subject of oral arguments heard by the Supreme Court in January.

Trump’s attorneys filed an amicus brief in the case in December, urging the Supreme Court to delay a potential ban until Trump takes office. 

The Supreme Court’s decision on the fast-tracked case will determine whether the Protecting Americans from Foreign Adversary Controlled Applications Act – a law signed by President Biden that passed Congress in April with bipartisan approval – would be enforced and restrict U.S. access to the app.

There are roughly 170 million active American users on the social media app, data shows. 

While Trump tried to ban the app from U.S. access during his first administration, he credited TikTok for reaching young voters during the 2024 presidential campaign. 

Fox News Digital reached out to TikTok for comment and did not receive a response by time of publication. 

Fox News Digital’s Breanne Deppisch contributed to this report. 

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    ✨ Let’s Spark Something Together!





    Share your name and email, and we’ll reach out with ideas, news, and special updates made just for you.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...

    Latest News

    Adani Group shares experienced a rebound on Monday, recovering from last week’s steep losses sparked by U.S. criminal charges against Chairman Gautam Adani and...

    Stock

    Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season. “Our players...

    Stock

    The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as...