“TikTok Deal Falls Through as Trump’s Policy Shifts Unravel Last-Minute Agreement”
A reliable source revealed that President Trump’s initiative to find a US buyer for TikTok was essentially sealed earlier this week. However, subsequent changes in global trade policy led to the collapse of the deal. By Wednesday, Trump administration officials had managed to outline a plan for the transfer of the popular social media app from its Chinese parent company ByteDance to a US-majority owned entity, in compliance with legislation requiring divestment. This would have allowed ByteDance to retain a minority stake and granted an extension on the sale deadline. Unfortunately, Trump’s decision to impose significant tariffs on China caused ByteDance to cancel the deal, pending further discussions on the trade dispute. Vice President JD Vance had been actively engaged in negotiations with various American investors for the acquisition of TikTok. Stay tuned for updates on this ongoing situation.
