Overview

• President Trump signed an executive order extending the deadline for ByteDance to sell TikTok's U.S. operations to mid-June 2025.
• China signaled it would not approve the proposed deal following Trump's announcement of increased tariffs on Chinese imports.
• The proposed deal involves creating a U.S.-based company with majority American ownership, but ByteDance would retain less than 20% ownership.
• Trump indicated willingness to reduce tariffs on China to facilitate a deal, but no agreement has been finalized as key regulatory approvals remain unresolved.
• TikTok's future in the U.S. remains uncertain, with negotiations stalled and the app's national security concerns continuing to fuel the debate.