President Donald Trump says he's signing an executive order to keep TikTok running in the U.S. for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership.

Trump remains optimistic about securing a buyer for TikTok’s US business before the April 5 deadline. Proposals involve US investors, Oracle, and potential government stakes, while Beijing’s approval remains a key obstacle.

President Donald Trump is expected to grant an additional deadline for TikTok to secure a United States buyer or face a ban, according to NBC News. On his

TikTok has been painted as a national security threat to the U.S. by many American lawmakers because of its ownership by China's ByteDance.

The video app is barreling toward a Saturday deadline to change its ownership under federal law or face a ban in the United States.

April 4 (UPI) -- President Donald Trump on Friday gave TikTok another 75 days to be sold or banned in the United States, one day before the deadline.

"My Administration has been working hard on a deal to save TikTok and we have made tremendous progress,” Trump said.