Donald Trump, the incoming US President, has proposed that the United States secure a 50 per cent ownership stake in a joint venture to keep TikTok operational within its borders.
Announcing the plan on Truth Social, Trump emphasised that the move would protect national security while preserving the app’s access for 170 million Americans and supporting over seven million small businesses.
“Would like the United States to have a 50 per cent ownership position in a joint venture,” Trump said. He confirmed that the measure would “save TikTok” and prevent the platform from being permanently banned.
This announcement comes as TikTok began restoring its services after going dark briefly on Sunday.
Addressing a rally ahead of his inauguration, Trump reiterated the importance of the app. “Frankly, we have no choice. We have to save it,” he declared, adding that the US will actively pursue a joint venture solution.
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To facilitate negotiations and provide clarity, Trump plans to issue an executive order on Monday to delay the enforcement of the TikTok ban for 90 days.
He further clarified on Truth Social, “I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect so that we can make a deal to protect our national security. The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order.”
TikTok welcomed the development, issuing a statement acknowledging Trump’s efforts to resolve the matter.
“In agreement with our service providers, TikTok is in the process of restoring service. We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties for providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive,” the company said.
"We will work with President Trump on a long-term solution that keeps TikTok in the United States."
The proposal for US ownership comes at a critical juncture, as the app remains a cornerstone of digital culture and a lifeline for businesses leveraging its vast user base.
By extending the timeline and advocating for joint ownership, Trump’s administration aims to strike a balance between national security and economic vitality.
As Trump’s inauguration approaches, his administration’s first major tech policy move signals a strong stance on foreign-owned platforms operating in the US.
The executive order, expected Monday, will set the stage for discussions on TikTok’s long-term presence in the country.
