TikTok Deal Stalls as U.S.-China Tariff Dispute Escalates

President Trump extends TikTok's divestiture deadline by 75 days after new tariffs derail near-finalized negotiations with China.

President Trump announced a 75-day extension for ByteDance to divest TikTok's U.S. operations, pushing the deadline to mid-June.
Recent tariff hikes by the U.S. to 125% and China's retaliatory tariffs have disrupted negotiations that were reportedly close to finalization.
The proposed deal would create a U.S.-based TikTok entity with majority American ownership and a minority stake held by ByteDance.
Chinese officials have resisted approving the deal, citing the impact of U.S. tariffs as a key factor in their decision to withdraw support.
TikTok remains operational in the U.S., but its future hinges on resolving the ongoing trade and national security disputes.