Trump warned he could hit China with 100% tariffs if it intervened and blocked a deal to allow 50% U.S. ownership of TikTok.

On Sunday, before the inauguration, Trump suggested that a joint venture was the solution to the TikTok problem. Trump wrote on his Truth Social platform that he “would like the United States to have 50% ownership position in a joint venture” and said that would keep TikTok in “good hands.”

In an executive order signed on Monday, Trump instructed the U.S. attorney general to not enforce the ban for 75 days while his administration determines “the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown” of TikTok.