Overview

• Donald Trump accused China of blocking a deal to sell TikTok's U.S. operations, citing newly imposed 34% tariffs on Chinese imports as a key factor.
• The 2024 U.S. law requires ByteDance to divest TikTok's U.S. operations or face a ban, with the latest deadline now extended to June 19, 2025.
• Both ByteDance and Chinese authorities have yet to approve any sale, with algorithm control and data access concerns remaining contentious issues.
• Potential buyers, including Frank McCourt's Project Liberty and Perplexity AI, are in discussions, but no agreement has been reached.
• TikTok's future in the U.S. remains uncertain, as the platform serves 170 million American users and is a focal point in ongoing U.S.-China tensions.