Trump Extends TikTok Sale Deadline by 75 Days as Negotiations Continue
The new mid-June deadline gives ByteDance more time to divest TikTok's U.S. operations, with Chinese opposition and trade discussions complicating the process.
- President Trump signed an executive order granting TikTok an additional 75 days to finalize a deal with U.S. investors, moving the deadline to mid-June 2025.
- ByteDance, TikTok's Chinese parent company, has not confirmed its willingness to sell, while Chinese officials oppose the transfer of TikTok's proprietary algorithm technology.
- Negotiations involve multiple U.S. investors, including Oracle, Blackstone, and Amazon, though no agreement has been reached.
- Trump linked the TikTok sale to broader U.S.-China trade negotiations, suggesting potential tariff reductions if a deal is approved by Beijing.
- TikTok remains a major platform in the U.S. with 170 million users, emphasizing the high stakes for cultural, economic, and national security interests.
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