President Donald Trump said that he would extend the June 19 deadline for ByteDance (BDNCE)—TikTok’s Chinese parent company—to divest its U.S. assets if no deal is reached by then.

After taking office again in January 2025, Trump granted ByteDance a 75-day extension through an executive order on Day One, citing the need for a smoother transition. That deadline, initially set for January 19 and backed by a unanimous Supreme Court ruling,