TikTok Sale Deadline Nears Amid US-China Talks
TikTok Sale Deadline Nears Amid US-China Talks

TikTok Sale Deadline Nears Amid US-China Talks

News summary

The US deadline for TikTok to sell its assets to a non-Chinese owner is imminent, as the app faces a potential ban if a deal is not reached by April 5. President Trump has indicated willingness to negotiate a deal that may include tariff relief for China if they approve the sale. Various potential buyers, including US-based investors and firms like Oracle and Blackstone, are being considered to minimize ByteDance's ownership below the 20% threshold required by US law. The app was previously removed from app stores but President Trump extended the deadline, expressing a desire to keep TikTok operational. The looming deadline is part of broader US-China tensions, with the US citing national security concerns over data handling by the Chinese-owned app. The situation remains unresolved as discussions on ownership and algorithm control continue, with the Chinese government's approval still pending.

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