President Donald Trump extended the TikTok ban for a fourth time to allow for a U.S.-China deal. Secretary Bessent said on X: "President Trump is cutting through the regulatory morass that kept America mired in economic stagnation. In his first term, regulations fell nearly 7 to 1. In his second term, the regulatory rollback will be even bigger. By slashing harmful regulations, the President will unleash growth, create jobs, and power AI and energy dominance."

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