TikTok has begun restoring service to the app in the US after Donald Trump said he would sign an executive order pausing its ban.

A law signed by President Joe Biden last April required ByteDance, TikTok‘s China-based parent company, to sell the app to a non-Chinese owner by Sunday or face a ban.

Some users reported that they lost access on Saturday night, and Americans opening the app on Sunday have been greeted with a message saying they “can’t use” TikTok “for now”.

But in a post on Truth Social ahead of his inauguration, Mr Trump said he would issue an executive order handing the app an extension to find a new owner.

“I’m asking companies not to let TikTok stay dark,” the president-elect wrote, adding the order will allow time “so that we can make a deal to protect our national security”.

He then confirmed that “there will be no liability for any company that helped keep TikTok from going dark before my order” and said: “Americans deserve to see our exciting Inauguration on Monday, as well as other events and conversations.”

TikTok later said it had started restoring service on Sunday, thanking the president for clarifying to service providers “that they will face no penalties providing TikTok”.

It added: “It’s a strong stand for the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps TikTok in the United States.”

Ahead of the ban coming into effect, White House press secretary Karine Jean-Pierre called TikTok’s plans to shut down the app a “stunt” and said actions enforcing the ban would “fall to the next administration”.

Mr Trump also indicated on Truth Social what a possible deal could look like, saying he would prefer the US “to have a 50% ownership position in a joint venture” with ByteDance or a new owner.

“Without US approval, there is no TikTok,” he said. “With our approval, it is worth hundreds of billions of dollars – maybe trillions.”

On Saturday, the president-elect told NBC News‘ Meet The Press moderator Kristen Welker that TikTok would “most likely” be given a 90-day pause from the ban to find a new owner.

Under the bipartisan law on TikTok – signed by Mr Biden – the president can grant a one-time extension of 90 days under three conditions:

• There is a path to divestiture of the app

• There is “significant progress” toward executing a sale

• There are in place “the relevant binding legal agreements to enable execution of such qualified divestiture during the period of such extension”

No legal agreements on the sale of TikTok to a non-Chinese owner have been made public, and Mr Trump did not say on Saturday if he was aware of any recent progress toward a sale.

CNBC later reported Perplexity AI made a bid for the app’s parent company on Saturday to allow it to merge with TikTok US and create a new entity, which would also include New Capital Partners.

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During his first term in the White House, Mr Trump attempted to ban TikTok as well as the Chinese-owned messaging app WeChat but was blocked by the courts. It was later revoked by Mr Biden.

Last year, he briefly met with the app’s chief executive Shou Zi Chew, who will attend the inauguration on Monday.

He’s expected to sit with fellow tech executives Elon Musk, Mark Zuckerberg and Jeff Bezos, a Trump transition official told NBC.

The government doesn’t think Donald Trump will impose trade tariffs on the UK, but is “prepared for all scenarios”, a cabinet minister has said. 

Darren Jones, the chief secretary to the Treasury, told Sky News’ Sunday Morning with Trevor Phillips that the former president’s return to the White House “could be an enormously positive thing with lots of opportunities”.

Mr Trump has threatened to impose tariffs on all imports into the United States, singling out Canada, Mexico, and China as countries that could face steeper measures within hours of his inauguration on Monday.

Asked what the government will do if that happens to the UK, Mr Jones said that was a “hypothetical” question and to wait and see “what actually happens”.

Politics Hub: Trump ‘within his right’ to make statement on tariffs

“If that were to happen, I will come back and lay out the details for you. But the point is, is that I don’t think we’re going to be in that scenario,” Mr Jones said.

He said there is a narrative in the UK that Mr Trump’s presidency poses “a big risk for Britain”, when this isn’t the case.

“Britain is a brilliant country with huge capabilities and assets which are valued not just to the British people, but to the American economy and other parts of the world,” he said.

“I have no doubt whatsoever that under the Trump administration there are going to be plenty of opportunities that we can seize, and we should be positive about that and be strong about securing this deal.”

Mr Jones confirmed there is ultimately a plan if tariffs are imposed, but said it isn’t for him “to lay out the details in advance of something actually happening on TV”.

“It’s not breaking news that the government prepares for all scenarios,” he added.

“My broader point is that we shouldn’t be looking at president-elect Trump’s inauguration as a risk, or a bad thing for the UK. It could be an enormously positive thing with lots of opportunities.”

President-elect Trump will be sworn in to a second term in office on Monday, following his election victory in November, and there have been concerns over what his pledged tariffs could mean for economies around the globe.

The former businessman has been clear he plans to pick up where he left off in 2021 by taxing goods coming into the country, making them more expensive, in a bid to protect US industry and jobs.

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UK ‘should pursue free trade deal’ with US

Shadow foreign secretary Dame Priti Patel, who is in Washington DC for the inauguration, said Mr Trump is “within his rights to make the statements that he wants around tariffs… but as ever this is a discussion and a negotiation”.

She said the Labour government should resume her party’s talks over a post-Brexit free trade deal with the US and “not even enter into these discussions around tariffs”.

A trade deal with the US had been set as a priority in the Conservative’s 2019 manifesto but was not achieved by the time of the general election in July last year, which they lost.

Ms Patel went on to call Reform UK leader Nigel Farage a “pop-up act” and “not relevant” when asked if her party should make peace with him to get on well with Mr Trump, given the close relationship of the pair.

She said the Conservatives and Republicans are “sister parties” with “enduring, long-standing ties”.

“We’re not a pop-up act in the way in which they [Reform UK] are… so I don’t think that’s particularly relevant,” she said.

However, the Lib Dems accused the former home secretary of “competing with Reform to be most submissive toward Trump”.

Confidence in Mandelson’s appointment

Mr Trump’s inauguration has also caused a stir after reports in the Sunday papers suggested he could reject Lord Peter Mandelson as Sir Keir Starmer’s nomination for the UK’s ambassador to the US.

The Labour grandee has been critical of Mr Trump in the past, and was last month branded an “absolute moron” by a Trump campaigner.

However Mr Jones signalled he was confident that the Blair-era minister would take up his position, telling Sky News he “doubts very much” the media reports are true.

“It’s probably being propagated by some politicians that would like to cause a bit of a nuisance. I doubt that will be the case.”

Govt ‘doesn’t agree’ with Khan’s Trump comments

Mr Jones was also forced to distance himself from comments made by Labour’s Mayor of London Sadiq Khan.

Mr Khan has warned of a century-defining battle against “resurgent fascism”, writing in The Observer that “these are deeply worrying times, especially if you’re a member of a minority community”.

Mr Jones said he does not associate with that language and questions about it “are for Sadiq to answer.”

He later told the BBC: “I speak on behalf of the government and we don’t agree with it.”

The private equity owner of Asda has struck a deal to buy a controlling stake in a group which specialises in backing British SMEs.

Sky News has learnt that TDR Capital has agreed to acquire a majority interest in CorpAcq, less than six months after the so-called ‘corporate compounder’ aborted a deal to list in the US.

City sources said this weekend that CorpAcq, which makes roughly £125m in annual profit, was being valued at well over £1bn on an enterprise value basis in the deal with TDR.

Founded in 2006, CorpAcq – which sponsors Sale FC Rugby’s stadium, near its Altrincham base – has amassed a portfolio of more than 40 companies.

It specialises in buy-and-build strategies, with a focus on companies operating in the industrial products and services sectors.

The company’s acquisition blueprint enables SME founders to retain management control while gaining a long-term investment partner offering operational support to those businesses.

CorpAcq’s founder is Simon Orange, brother of the former Take That member Jason and joint-owner of the Sale Sharks.

In 2023, a special purpose acquisition company (SPAC) founded by Michael Klein, one of Wall Street’s leading financiers, announced a $1.5bn plan to take CorpAcq public.

The merger was called off in August last year, with Mr Klein’s vehicle Churchill Capital VII citing difficult IPO market conditions.

Banking sources said that TDR and CorpAcq had entered discussions well after the SPAC deal was abandoned.

The deal, which could be announced within weeks, is the latest to be struck by TDR, which also counts the pubs giant Stonegate and David Lloyd Leisure among its portfolio of investments.

A spokesman for TDR declined to comment.