Trump blames China for TikTok deal delay; hints at tariff reduction to expedite approval, deadline extended by TikTok.

US President Donald Trump recently revealed that a TikTok deal was on the verge of being finalized until China changed its position due to the imposition of new US tariffs. Trump noted that a decrease in tariffs would help accelerate the approval process for the deal. In light of this development, TikTok has decided to extend the deadline for finding a non-Chinese buyer by 75 days. This move comes amidst the ongoing tensions between the US and China over various economic and trade issues. The extension provides more time for negotiations and potential bidders to come forward with suitable offers. The fate of TikTok in the US remains uncertain as the deadline extension indicates the complexities involved in the negotiations. With the deadline extension, there is a possibility that more potential buyers could enter the fray, seeking to acquire the popular video-sharing app. The situation continues to evolve, and all eyes are on the developments surrounding the TikTok deal and its implications for the tech industry. Stay tuned for more updates on this story as it unfolds.

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