Trump will issue a third executive order delaying enforcement of the so-called TikTok ban for 90 days, the White House said.

If ByteDance fails to do this yet continues to operate in the U.S., TikTok could be hit with a fine of approximately $850 billion, composed of penalties reaching up to $5,000 for

"As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure," Leavitt said in a statement.