President Donald Trump on said that he would grant ByteDance, the Chinese-based company that owns TikTok, an additional 75-day extension to either sell the popular social media app to a non-Chinese company or risk being banned in the U.S.

In a post Friday on Truth Social, Trump wrote, “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.” TikTok had faced a looming April 5 deadline set by Trump to reach a deal that would comply with the U.S. law — or effectively be banned from being hosted or distributed in the country. The app has been painted as a national security threat to the U.S. by many American lawmakers because of its ownership by China’s ByteDance.

President Donald Trump on Friday extended a deadline for TikTok's Chinese owner to sell the app to an American buyer or have the platform shut down in the U.S. "My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days," Trump wrote on Truth Social.