Overview

• 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.