Trump extends TikTok deadline again as deal promise looms

President Trump on Tuesday extended the deadline for a ban on TikTok again, this time until December, as reports indicated a potential deal with China includes the launch of a new app under U.S. control. Why it matters: The repeated extensions come despite Congress passing a law just last year, with bipartisan support, to force the app's immediate sale or ban. Driving the news: The new extension gives TikTok a reprieve until Dec. 16.Without it, the long-delayed ban would have kicked in on Wednesday. The big picture: U.S. officials said this week that there is a framework deal in place with China, which Trump and Chinese leader Xi Jinping are due to discuss Friday. The outlines of that deal have not been released, though Treasury Secretary Scott Bessent said Monday the terms would allow the app to retain "Chinese characteristics."Zoom in: The Wall Street Journal reported Tuesday that U.S. users would be asked to move to a new app, being tested by TikTok engineers, and with a new algorithm for recommending content licensed from TikTok parent ByteDance.That algorithm is TikTok's crown jewel, and control over it was seen as key to any deal. The new app would be controlled by an entity 80% owned by U.S. businesses, with one board member designated by the U.S. government. Editor's note: This is a developing story.

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