A potential deal to sell TikTok has been scuttled due to President Donald Trump’s tariffs on China. Trump extended the deadline for the sale by 75 days in a bid to find a non-Chinese buyer.
According to NBC News, a deal had been agreed upon as of Wednesday, but the recently imposed tariffs on China presented a late-breaking hurdle. The White House was informed by ByteDance representatives after the tariffs were implemented that China would not accept a deal until there could be negotiations around trade and tariffs.