Even if temporary, the unprecedented shutdown of TikTok will have an impact on U.S.-China relations, domestic politics, the social-media marketplace and millions of Americans who depend on the app.

Trump said he would "extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security." "I would like the United States to have a 50% ownership position in a joint venture.

TikTok suspended its services for US-based users while Apple Inc. and Google removed the platform from their mobile app stores to avoid penalties under a new law, as the social media company awaits a possible reprieve from President-elect Donald Trump to continue operations.