TikTok deal scuttled because of Trump's tariffs on China

President Donald Trump on Friday said he would extend by 75 days the deadline for TikTok's owner to find a non-Chinese buyer, averting what could have been another disruption of the app. The decision came as something of a surprise, with Trump and top administration figures, including Vice President JD Vance, sounding confident that a substantive resolution would be reached this week.

President Donald Trump on Friday said he would extend by 75 days the deadline for TikTok's owner to find a non-Chinese buyer, averting what could have been another disruption of the app.

The decision came as something of a surprise, with Trump and top administration figures, including Vice President JD Vance, sounding confident that a substantive resolution would be reached this week.

But that was before Trump's sweeping tariffs — on China and other countries — went into effect.

ByteDance, the Chinese company that owns TikTok, must find a non-Chinese buyer for the app or else it will be banned under a law passed in 2024. Trump had previously delayed the app’s ban via executive order on his first day in office, effectively giving ByteDance until April 5 — Saturday — to comply with the law. 

"My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," he wrote in a Truth Social post. "The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days."

https://www.nbcnews.com/politics/politics-news/trump-tiktok-ban-extension-rcna199394

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