President Donald Trump plans to extend for a third time the deadline for Chinese company ByteDance Ltd. to divest the American operations of TikTok, allowing the social media app to keep running in the US while negotiations proceed.

President Donald Trump will sign an executive order this week to extend a deadline for TikTok’s Chinese owner to divest the popular video sharing app.

The president plans to sign another executive order this week that would give the popular video app more time to change its ownership structure.