Donald Trump has given TikTok 75 days to convince US officials it doesn’t threaten national security – most likely by finding a new, US owner for its American operation.
He signed the executive order within hours of entering the White House and told reporters: “I tell you what. Every rich person has called me about TikTok.”
The wildly popular social media platform briefly went offline in the US on Sunday ahead of a ban, but hours later, it came back online with a message thanking the president.
“We will work with President Trump on a long-term solution that keeps TikTok in the United States,” it said in a statement.
TikTok is owned by Chinese company Bytedance, and US politicians are worried sensitive data about Americans could be given to the Chinese government, which TikTok has repeatedly denied.
So who could buy the all-singing, all-dancing short video platform, which is valued at around $100bn (£82bn) if it is sold with its algorithm?
Image: Jimmy Donaldson, more popularly known as MrBeast. Pic: AP
MrBeast
Youtuber MrBeast, real name Jimmy Donaldson, posted on 14 January: “Okay fine, I’ll buy TikTok so it doesn’t get banned.”
People took him seriously; he soon posted again saying several billionaires had contacted him to try and make the bid a reality.
He posted more updates from meeting rooms where he said he had been discussing the bid with “a bunch of billionaires”.
After Donald Trump’s inauguration, the Youtuber posted a video to TikTok saying he was on a private jet “about to put in my official offer for this platform”.
“I might become you guys’ new CEO, I’m super excited,” he said.
Image: Elon Musk. Pic: Reuters
Elon Musk
The tech billionaire Elon Musk hasn’t directly commented on rumours he could buy TikTok.
However, Bloomberg News reported that officials in Beijing were considering whether to allow a possible sale to the X owner.
Although TikTok denied the rumours, saying “We can’t be expected to comment on pure fiction”, Mr Musk has a lot of business dealings with China and may be a favourable owner if ByteDance is forced to sell.
With Musk running President Trump’s new Department of Government Efficiency, he would be well placed to help Chinese relations with the new Trump administration.
Owning the US TikTok operation could also give him plenty of new data on which to train xAI.
Image: Kevin O’Leary. File pic: AP
Shark Tank investor
Kevin O’Leary, a celebrity investor on Shark Tank (America’s version of Dragon’s Den) put in a bid to buy the platform as part of a group calling themselves The People’s Bid for TikTok.
The group, also backed by World Wide Web inventor Tim Berners Lee, offered to buy the platform without its algorithm.
They then planned to rebuild the back end of the app using American-owned technology,
Many said it would be tricky to maintain the app that way, given the Chinese-made algorithm is what makes it so popular.
Image: Perplexity co-founder and chief executive Aravind Srinivas. File pic: AP
Perplexity AI
A US search engine startup, Perplexity AI, reportedly offered to merge with TikTok US on Saturday.
Under that bid, most of ByteDance’s investors would retain their equity stakes and the partnership would give more video to Perplexity to use in their model.
Image: Donald Trump on inauguration day. Pic: Reuters
The US government?
When TikTok came back online on Sunday, President Trump wrote on his Truth Social platform: “I would like the United States to have a 50% ownership position in a joint venture.”
It’s unclear how this would work and Mr Trump hasn’t offered any more details since taking office.
When the ban was being discussed in Congress back in March 2024, there were other businesspeople keen to make an offer too.
Those included the former chief executive of games company Activision Blizzard Bobby Kotick and former Treasury Secretary Steven Mnuchin.
Donald Trump‘s berating of Mr Zelenskyy has led to a show of support from European leaders as they try to formulate their own way forward.
The US president attacked the Ukrainian leader again on Monday, telling reporters he should be “more appreciative”.
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Image: The tens of billion in US aid has included Patriot air defence systems. Pic: Reuters
Writing on Truth Social, Mr Trump also said Mr Zelenskyyhad made “the worst statement that could have been made” after he commented that peace was still “very, very far away”.
“America will not put up with it for much longer!” he posted.
“It is what I was saying, this guy doesn’t want there to be peace as long as he has America’s backing,” the president added.
Mr Zelenskyy then posted on X, saying Ukraine was “working together with America and our European partners and very much hope on US support on the path to peace”.
“Peace is needed as soon as possible,” he said.
‘Music to the ears of Putin’
By David Blevins, US correspondent
President Trump’s decision to pause military aid to Ukraine marks a significant shift in US foreign policy, one previously considered unthinkable.
This blow to Ukraine’s defences in the face of Russian aggression will be music to the ears of President Putin. US military aid has kept Ukraine in this David and Goliath battle for three years.
It has funded what military analysts simplify as “the big stuff” of battle – artillery, anti-tank weapons, rockets and armoured vehicles. Trump’s decision to push pause disregards efforts by Keir Starmer and other European leaders to devise a peace plan.
Those already questioning Europe’s reliance on the US for defence will conclude they have been given the answer.
But the decision sets President Trump up for a potential confrontation with Republicans, who had approved the funding, in Congress.
White House sources say he wants President Zelenskyy to go on TV and apologise for the jaw-dropping showdown last Friday. But the Ukrainian president feels he has no apology to make for expressing his doubt about Russia’s commitment to peace.
Earlier, Trump side-stepped a question about a Kremlin diplomat claiming the US administration and Moscow were now aligned on foreign policy.
This weakening of Ukraine’s defence capability moves that question front and centre as he prepares to address Congress on Tuesday.
Despite the diplomatic crisis, President Trump has said a deal is still possible.
An agreement giving the US access to Ukraine’s rare earth metals was meant to have been signed by the two presidents on Friday.
It was billed as an important step in a future peace deal – and part payback for aid already received.
However, the dramatic falling out has thrown that into jeopardy.
Mr Zelenskyy wants the metals deal to include guarantees on halting Russia should it break the terms of any peace agreement.
However, vice president JD Vance suggested on Monday that the metals pact was the best way to secure a lasting end to the war.
“If you want real security guarantees, if you want to actually ensure that Vladimir Putin does not invade Ukraine again, the very best security guarantee is to give Americans economic upside in the future of Ukraine,” Mr Vance said.
“That is a way better security guarantee than 20,000 troops from some random country that hasn’t fought a war in 30 or 40 years,” he added.
European and world allies – who met the Ukrainian leader in London at the weekend – have discussed a “coalition of the willing” to deploy peacekeepers and deter further Russian aggression.
The prime minister said Britain was prepared to put “boots on the ground and planes in the air” under the plan – but it’s unclear who else might participate.
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Keir Starmer told MPs on Monday that Britain must “lead from the front” on supporting Ukraine and the “security of our continent, the security of our country”.
However, the prime minister believes any international deployment of troops must have a US “backstop” deterrent to be taken seriously by Russia.
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Donald Trump has confirmed 25% tariffs on goods from Mexico and Canada, taking effect at 5am UK time on Tuesday.
The US president confirmed the tariffs in a speech at the White House – and his announcement sent US stocks down sharply.
The tariffs will be felt heavily by US companies which have factories in Canada and Mexico, such as carmakers.
Mr Trump said: “They’re going to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.”
There’s “no room left” for a deal that would see the tariffs shelved if fentanyl flowing into the US is curbed by its neighbours, he added.
As of 12:01am Eastern Standard Time (5.01am GMT), Mexico and Canada face tariffs of 25%, with 10% for Canadian energy, the Trump administration confirmed.
And tariffs on Chinese imports will double, raising them from 10% to 20%.
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Canada announced it would retaliate immediately, imposing 25% tariffs on US imports worth C$30bn (£16.3bn). It added the tariffs would be extended in 21 days to cover more US goods entering the country if the US did not lift its sanctions against Canada.
China also vowed to retaliate and reiterated its stance that the Trump administration was trying to “shift the blame” and “bully” Beijing over fentanyl flows.
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2:45
What is America’s trade position?
Mr Trump’s speech stoked fears of a trade war in North America and sent financial markets reeling.
Markets the Dow Jones Industrial Average, and the Nasdaq Composite fell by 1.4% and 1.76% respectively.
The share prices for automobile companies including General Motors, which has significant truck production in Mexico, Automaker and Ford also fell.
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Consumers in the US could see price hikes within days, an expert has said.
Gustavo Flores-Macias, a public policy professor at Cornell University, New York, said “the automobile sector, in particular, is likely to see considerable negative consequences”.
This is due to supply chains that “crisscross the three countries in the manufacturing process” and ” because of the expected increase in the price of vehicles, which can dampen demand,” he added.
Donald Trump has hit out at the Ukrainian president once again, just four days after an explosive on-camera spat between the pair.
The US president posted on Truth Social saying Volodymyr Zelenskyy made “the worst statement that could have been made” when he said the end of the war with Russia is “very, very far away”.
“America will not put up with it for much longer!” Mr Trump posted.
“It is what I was saying, this guy doesn’t want there to be peace as long as he has America’s backing,” the president added.
He also appeared to attack Mr Zelenskyy and Europe after yesterday’s Ukraine summit in London at which leaders, according to Mr Trump: “stated flatly that they cannot do the job without the US.”
“What are they thinking?” Mr Trump asked.
A deal to end the war was still “very, very far away”, Mr Zelenskyy said earlier, adding he expects to keep receiving US support despite the two leaders’ public spat.
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“I think our relationship (with the US) will continue because it’s more than an occasional relationship,” the Ukrainian president added.
Mr Trump said in his Truth Social post: “This is the worst statement that could have been made by Zelenskyy, and America will not put up with it for much longer!
“It is what I was saying, this guy doesn’t want there to be Peace as long as he has America’s backing and, Europe, in the meeting they had with Zelenskyy, stated flatly that they cannot do the job without the U.S. – Probably not a great statement to have been made in terms of a show of strength against Russia. What are they thinking?”
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