(The Epoch Times)—President Donald Trump said on June 17 that he will likely extend the deadline once again for TikTok’s China-based parent company, ByteDance, to divest itself of its holdings in the social media platform.
Previous two extensions in January and April stalled a ban on TikTok by 75 days, temporarily saving the popular video-sharing app from a ban in the United States.
When asked whether he would give a third extension after the upcoming June 19 deadline, the president said, “Probably, yeah.”
He expressed optimism about a potential deal in which ByteDance would sell U.S. assets of TikTok to a non-Chinese buyer.
“We probably have to get China approval. I think we’ll get it,” Trump told reporters on Air Force One, as he traveled back from the G7 Summit in Canada.
When asked by reporters whether he has the legal basis to extend the deadline again, Trump said, “Yeah, we do.”
The future of TikTok in the United States has remained uncertain because of persistent national security concerns, particularly regarding the Chinese communist regime’s ability to force ByteDance to hand over the massive amount of data it collects on its American users or manipulate the platform’s sophisticated algorithm to sway public opinion. These concerns stem in part from China’s 2017 National Intelligence Law, which obligates Chinese companies to cooperate with state intelligence operations.
In response, bipartisan legislation was passed to prohibit U.S. app stores from hosting TikTok unless ByteDance divests itself of the platform. The U.S. Supreme Court has upheld the measure, ruling that the divest-or-ban law does not violate the First Amendment.
After taking office, Trump gave TikTok an initial 75-day reprieve from the ban, extending the deadline to April 5. He signed an executive order on April 4 delaying the ban again and allowing more time for a potential deal to be finalized.
Over the past months, Trump has hinted that he was nearing an agreement with China regarding the app’s sale.
“We had a deal pretty much for TikTok—not a deal but pretty close—and then China changed the deal because of the tariffs,” Trump told reporters on Air Force One on April 6, a day after raising tariffs on China to 54 percent. “If I gave a little cut in tariffs, they’d approve that deal in 15 minutes, which shows you the power of tariffs.”
A trade deal recently struck in London takes total tariffs on Beijing to 55 percent.
Among the companies and individuals reportedly interested in acquiring TikTok are online retail giant Amazon and Tim Stokely, the British entrepreneur who founded OnlyFans. ByteDance has not publicly confirmed any negotiations with potential buyers, nor has it officially indicated a willingness to sell the platform.
The Biggest Threat to Your Retirement Is Actually a Very Good Thing
When you look at the headlines today, you’ll see experts in the retirement industry warning about big threats to your financial security:
- De-dollarization and the rise of BRICS
- Soaring national debt
- Unstable interest rates
- Weakened U.S. dollar
All of these are real concerns. But they aren’t the biggest threat to your retirement savings. The true risk isn’t political, monetary, or global.
It’s longevity.
Why Longevity Is the Silent Threat
For most of human history, the problem was the opposite — life expectancy was short, and few people even reached retirement. Today, thanks to medical advancements, healthier lifestyles, and better living conditions, people are living longer than ever before.
And while that’s a wonderful thing, it comes with a financial catch: Your retirement account has to last far longer than you might expect.
- A 65-year-old couple today has a 50% chance that one of them will live to 90.
- Some projections suggest that many of us will live well into our 90s, even 100+.
- This means your nest egg may need to stretch not for 15 years, but 25, 30, or even 40 years.
That’s where the real danger lies: running out of money before you run out of life.
The Retirement Equation Has Changed
While market volatility, debt crises, or central bank policies may feel like the scariest threats, they’re temporary storms. Longevity, however, is a structural shift. Every extra year of life is another year of expenses, another year of inflation erosion, and another year of financial pressure.
If your retirement plan doesn’t account for longevity, you could face tough choices later in life — downsizing, working when you’d rather not, or becoming financially dependent on others.
How to Take Control
The good news? Longevity is a blessing — as long as you’re prepared for it. With the right planning, your retirement savings can work for you instead of against you. The key is learning how to protect your wealth, outpace inflation, and ensure your savings grow even as you live longer.
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Don’t let longevity catch you unprepared. Take the steps today to secure tomorrow.
