Trump administration hasn't said anything regarding the TikTok ban without much time left for the ban to actually go into effect. Seems like we're going to see the ban go into effect at midnight on the 13th, which is only around 12 hours away at this point (EST- DC) The 12AM deadline is one of the original deadlines, so no one really knows where we're at with that.
At this point Trump really has no reason not to do this. He'll probably like the attention from banning this and putting pressure on the Chinese regime. Trump is thought to want to built out his own digital media empire as he has many millions of supporters who would love to be apart of it.
https://www.axios.com/tiktok-ban-deadline-60a78e47-d937-4e64-85d3-b4b3d2e02d9d.html
@squatz1 TikTok has got the dates extended thanks to the US Judge, and now the new dates are December 14th and December 28th for both sides (TikTok and Trump team) to file relevant documents. Lastly at this stage no one really knows whether TikTok will survive or no, because Biden too has expressed genuine concern about TikTok, and he’ll be having a say on this matter in January 2021 when he’s officially elected to the White House.
Sources:
https://www.aljazeera.com/economy/2020/11/12/keep-dancing-us-issues-stay-in-trump-tiktok-battle
https://inews.co.uk/us-election-2020/joe-biden-inauguation-day-2021-takes-office-us-president-election-result-2020-donald-trump-751617
https://www.reuters.com/article/us-usa-tiktok-ban-biden/biden-says-he-sees-tiktok-as-a-matter-of-genuine-concern-idUSKBN26938G