Overview

• The administration is expected to push past the Sept. 17 divest-or-ban cutoff for ByteDance, according to Reuters reporting.
• Trump told reporters he "may let it die" and said any decision "depends on China."
• U.S. and Chinese negotiators met in Madrid with TikTok on the agenda, including Scott Bessent, Jamieson Greer, He Lifeng, and Li Chenggang.
• It would be the fourth reprieve under a law that originally required divestment by January 2025, and no deal is anticipated before the deadline.
• A spring plan to spin off a U.S.-run TikTok unit stalled after new U.S. tariffs, and the app counts about 170 million American users.