U.S. President Donald Trump has extended the deadline for Chinese company ByteDance to sell TikTok's U.S. operations, after the Chinese government reportedly killed a deal over increased tariffs.
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00:00The fate of TikTok in the U.S. remains uncertain after President Donald Trump gave the social
00:06media app another 75 days to find a buyer in the U.S. for its operations.
00:12The extension gives the Trump administration more time to negotiate a deal with Chinese
00:17owners ByteDance.
00:19It comes after the Chinese government reportedly killed a deal that would have left ByteDance
00:23with a 20% stake in TikTok after Trump announced new tariffs of 34% on Chinese imports earlier
00:30this week.
00:31TikTok was banned under a law passed by Congress and signed by former U.S. President Joe Biden,
00:38but Trump has made bringing the app's U.S. operations under American ownership a key
00:42pledge since taking office.