Overview

• President Trump confirmed that a potential deal for TikTok's U.S. assets remains 'on the table,' despite recent setbacks in negotiations.
• The latest hurdle stems from Trump's decision to raise tariffs on Chinese goods to 125%, prompting Beijing to withdraw from an earlier tentative agreement.
• ByteDance and U.S. stakeholders had reportedly reached a deal to spin off TikTok into a U.S.-based entity with majority American ownership, but Chinese approval is now uncertain.
• The U.S. government has extended TikTok's divest-or-ban deadline by another 75 days, with a new cutoff date set for June 18, 2025.
• The TikTok negotiations highlight broader tensions in U.S.-China relations, blending national security concerns with trade policy disputes.