Overview

• President Trump announced a 75-day extension for ByteDance to divest TikTok's U.S. operations, pushing the deadline to mid-June.
• Recent tariff hikes by the U.S. to 125% and China's retaliatory tariffs have disrupted negotiations that were reportedly close to finalization.
• The proposed deal would create a U.S.-based TikTok entity with majority American ownership and a minority stake held by ByteDance.
• Chinese officials have resisted approving the deal, citing the impact of U.S. tariffs as a key factor in their decision to withdraw support.
• TikTok remains operational in the U.S., but its future hinges on resolving the ongoing trade and national security disputes.