In a nutshell: Chinese-owned TikTok faced a US ban on April 5 unless it could divest its American operations to a stateside buyer. The Trump administration was reportedly finalizing a deal involving several investors, but Beijing withdrew in response to new US-imposed tariffs, prompting the White House to extend the deadline.
President Trump recently signed an executive order to extend the delay on TikTok’s US ban for another few months as negotiations to sell the Chinese-owned social network to American investors continue. The President claimed that the deal had seen
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