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This move will allow negotiations between TikTok and US officials to continue.
TikTok has worked out the details of a proposed deal with the U.S. government to resolve claims that the app poses a spy threat. TikTok and its Chinese parent company, ByteDance, offered a deal earlier this year that would attract U.S. investors such as Oracle and Walmart. President Donald Trump tentatively approved the proposal, but it was not formally approved by the Committee on Foreign Investments in the United States, a government panel chaired by the Treasury Department that analyzes foreign investment agreements for the implications. in matters of national security.
TikTok declined to comment. The Treasury did not immediately respond to a request for comment.
Despite the passing of the Dec. 4 deadline, the Trump administration will not attempt to impose fines or other consequences on TikTok at this time, the person said. Negotiations in recent weeks have led to progress and only a few unresolved issues remain, the person added.
The reprieve was described as an indefinite commitment, with no specific deadline for the completion of negotiations. But, the person said, the government is “very motivated to have this done” and said the lack of a specific deadline indicates the government is confident that a resolution is near.
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