China Hit Brakes On Tik-Tok Deal After Trump Announced Wide-Ranging Tariffs

WASHINGTON (AP) — President Donald Trump says he is signing an executive order to keep TikTok running in the U.S. for another 75 days. That gives his administration more time to broker a deal to bring the social media platform under American ownership. The order was announced as White House officials believed they were nearing a deal for the app’s operations to be spun off into a new company based in the U.S. and owned and operated by a majority of American investors, with China’s ByteDance maintaining a minority position. That’s according to a person familiar with the negotiations who requested anonymity to discuss the sensitive talks. The person added that China hit the brakes after Trump announced wide-ranging tariffs.

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