U.S. President Donald Trump announced the extension of the deadline for a potential sale of TikTok to a non-Chinese buyer, reflecting ongoing negotiations surrounding the app's future in the United States.

This marks the second postponement of a decision regarding the social media platform, which has faced scrutiny due to its ownership by the Chinese company ByteDance.

The new deadline has been set to 75 days from now, pushing the timeline for a possible sale to mid-June.

In a statement on his Truth Social platform, Trump indicated that the deal to divest TikTok from ByteDance 'requires more work to ensure all necessary approvals are signed.' The announcement comes as ByteDance has engaged in discussions with the U.S. government concerning a potential resolution for TikTok's American operations.

That company released a statement noting that while talks are ongoing, no formal agreement has been finalized and that key issues remain to be addressed, particularly in light of Chinese legal frameworks governing such a deal.

Legislation passed by Congress last year mandated that TikTok either divest or sell its U.S. assets, driven by concerns that ByteDance could leverage the platform to influence American users.

The original deadline for resolving the issue was set for January 19; however, Trump signed an executive order on his first day in office extending it to April 5. Now, with the new June timeline, negotiations continue.

Earlier this week, Trump held meetings with prospective buyers, signaling that his administration is 'very close' to finalizing a deal.

Among the entities reportedly considering bids are a consortium of investors led by technology firm Oracle, asset manager Blackstone, Amazon, Walmart, billionaire businessman Frank McCourt, a cryptocurrency foundation, and the founder of the adult content platform OnlyFans.

TikTok has garnered a substantial user base, boasting 170 million users in the United States.

The app's substantial reach and its complex algorithm have piqued the interest of various investors and corporations aiming to acquire it.

Despite the pressure for a sale, ByteDance has consistently expressed its unwillingness to divest TikTok.

The company has previously described a potential divestiture as 'simply not possible: not commercially, not technologically, not legally.'

In remarks made aboard Air Force One, Trump hinted that trade penalties on China could be revisited if a deal concerning TikTok is reached.

He noted the existing 54% tariffs imposed on goods imported from China and suggested that negotiations regarding tariffs could impact ByteDance's willingness to approve a sale.

'We have a situation with TikTok where China will probably say we’ll approve a deal, but will you do something on the tariffs?

The tariffs give us great power to negotiate,' he stated.

Further reiterating his intentions, Trump emphasized the importance of reaching an agreement with China.

He stated, 'We do not want TikTok to ‘go dark.’ We look forward to working with TikTok and China to close the Deal.' His administration continues to navigate the complexities surrounding international business relations and technology ownership.