Trump Considers Tariff Cuts to Finalize TikTok Deal as Deadline Nears
With an April 5 deadline looming, a framework for TikTok's U.S. divestiture is reportedly close, but China's approval and final details remain unresolved.
- President Trump has suggested reducing tariffs on China to secure Beijing's approval for TikTok's sale to a U.S.-led investor group.
- The proposed deal would see Oracle safeguard TikTok's data, with U.S.-based investors taking majority control and ByteDance retaining a minority stake.
- Negotiators, led by Vice President JD Vance, are optimistic about finalizing the deal, but unresolved issues may require an extension of the April 5 deadline.
- China's resistance and concerns over TikTok's algorithm, which critics claim poses national security risks, remain key obstacles.
- TikTok's 170 million U.S. users underscore the app's cultural and economic significance, complicating efforts to ban or divest the platform.