TikTok Deadline Extended as U.S.-China Tariff Dispute Stalls Sale
President Trump grants ByteDance 75 more days to sell TikTok's U.S. operations, citing progress despite China's resistance linked to new tariffs.
- President Trump extended the deadline for TikTok's divestiture by 75 days, moving it to mid-June, after negotiations stalled due to trade tensions with China.
- China's objections to a 34% tariff on its imports, announced by the U.S. last week, have significantly delayed the approval of a potential sale.
- ByteDance, TikTok's parent company, confirmed ongoing talks with the U.S. government but highlighted unresolved issues and the need for Chinese regulatory approval.
- Apple will keep TikTok available on its App Store for at least 75 more days following assurances from Attorney General Pam Bondi.
- President Trump suggested that reducing tariffs on China could expedite the deal, emphasizing the leverage tariffs provide in negotiations.