The US president granted a 75-day grace period in January that expires this Saturday and will now be extended again with the new decree.

US President Donald Trump signed a new executive order on Friday to delay the ban on TikTok for another 75 days in order to negotiate a sale agreement with its Chinese parent company, Bytedance.

The previous Biden administration successfully passed a law banning TikTok in the United States unless its owner sold the app by January 19. Trump granted a 75-day grace period in January that expires this Saturday and will now be extended again with the new executive order.

"The agreement requires further work to ensure all necessary approvals are in place," he said in a message posted on the social media platform Truth Social, adding that they look forward to "continuing to work in good faith with China" and that "considerable progress" has already been made on the matter.

The Republican tycoon also asserted that Beijing is "not very happy" with the 34 percent tariffs the United States will impose starting April 10, and stated that this measure is "necessary for fair and balanced trade."

"This demonstrates that tariffs are the most powerful economic tool and very important to our national security. We don't want TikTok to disappear. We look forward to working with TikTok and China to close the deal," he said, adding that his administration "has worked hard" to reach an agreement.

Washington is demanding that TikTok sever its relationship with ByteDance, believing it represents a threat to national security, as American users' data could be compromised and end up in the hands of the Chinese government.

Amazon, the e-commerce giant, has expressed interest in acquiring TikTok. However, ByteDance and TikTok have insisted that selling only the US portion is not possible, as this would destroy the platform. Another potential buyer is the software company Oracle, which the Chinese company has already tasked with protecting US user data.