Trump has claimed that his administration is working hard on a deal to "save TikTok", Image: The White house
President Donald J. Trump has claimed that his administration is working hard on a deal to “save TikTok,” with “tremendous progress” made as of April 5, 2025.
This follows a 2024 law signed by President Joe Biden, which ordered TikTok’s Chinese parent company, ByteDance, to sell its U.S. operations by January 19, 2025, due to national security concerns, a deadline Trump extended twice, first by 75 days upon taking office, and again on April 4, 2025, pushing it to June 18, 2025.
The proposed deal involves a group of U.S. investors, possibly including Oracle and Blackstone, taking majority control of TikTok’s U.S. operations, with ByteDance retaining a minority stake.
However, China has stalled progress by tying its approval to broader trade negotiations, a response to Trump’s announcement of a 34% tariff increase on Chinese goods.
Trump remains optimistic, aiming to keep TikTok operational in the U.S. while balancing security concerns, though ByteDance says key issues remain unresolved.
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