Overview

• President Donald Trump announced a 75-day extension for TikTok to sell its U.S. operations, citing 'enormous progress' in negotiations with China.
• The extension pushes the deadline to mid-June 2025, but U.S. law restricts further extensions beyond the current timeline.
• The Chinese government has not publicly agreed to the sale, presenting a major hurdle in finalizing a deal.
• Trump hinted at reducing U.S. tariffs on Chinese goods as a potential incentive for China's approval of the sale.
• Potential buyers for TikTok's U.S. operations reportedly include Amazon, Microsoft, Elon Musk, and others, though no agreements have been finalized.