For the second time since he reclaimed office, President Donald Trump has extended a deadline to determine the fate of embattled TikTok.

Late Friday, Trump granted the popular app and its Chinese owner, ByteDance, another 75 days to find a new owner under federal law or face a ban in the United States.

TikTok, which has 170 million American users and faced a Saturday deadline for a deal, now has until mid-June to find a buyer. Amazon.com Inc., Oracle Corp., and private-equity firm Blackstone are among the rumored suitors expected to pony up at least $40 billion for the short-form online video platform.

“My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump posted on Truth Social. “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.” He added that “we do not want TikTok to ‘go dark.'” He also indicated he would consider using the app as a negotiating chip with China over his recently announced tariffs.

A ByteDance spokesperson said the company has been discussing a “potential solution” with the U.S. government but cautioned an “agreement has not been executed.”

“There are key matters to be resolved,” the spokesperson said. “Any agreement will be subject to approval under Chinese law.”

Trump, whose followers on TikTok number in the millions, first offered the company a reprieve from a ban in January despite the federal law, which has been unanimously upheld by the Supreme Court.

“The law allows for a single 75-day extension,” Kirk McGill, a First Amendment expert, said in an email. “[Trump has] already given an extension. So now he’s going and giving an extension of another 75 days on top of the extension he’s already given. That’s not what the law permits. Therefore, it is illegal for TikTok to operate in the United States pursuant to the law.”

“In short, if Trump can get TikTok sold in the next 75 days then he will almost certainly get away with violating the law,” McGill added.

The fate of TikTok comes at a particularly perilous patch for the company and tech in general after Trump imposed crippling tariffs against China (34%) and a myriad of countries that sent markets spiraling and erased $6 trillion. The Associated Press reported that China hit the brakes on a deal Thursday following the tariffs.