much progresshas been made.
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An Unresolved American Legislation
This postponement is still part of the implementation of a law passed in 2024 by Congress, requiring ByteDance, the Chinese parent company of TikTok, to relinquish control of its American subsidiary. Otherwise, the platform would simply be banned in the United States.
Initially, the deadline was set for January 20, 2025, but was first pushed back by 75 days in January (to April 5). This new extension prolongs the procedure until mid-July, giving additional time for the various parties to reach an acceptable transfer agreement.
It should be noted that just a few hours ago, the situation seemed much more advanced. But that was before China’s countermove, raising its own tariffs to 34% in response to the 54% by the USA.
Ongoing Negotiations
While several American investor groups have already shown interest in acquiring TikTok’s U.S. operations, no definitive agreement has been signed to date. President Trump mentioned the complexity of the transaction as a reason for this extension.
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One of the favored scenarios remains a spin-off of TikTok from ByteDance, allowing non-Chinese shareholders of the group to take control of the platform. Names like Oracle, Amazon, Perplexity AI, and Frank McCourt’s Project Liberty have been mentioned, though without official confirmation.
Continued Political and Commercial Pressure
The TikTok case is part of a context of renewed trade tensions between Washington and Beijing, against the backdrop of concerns over personal data protection and foreign influence on American public opinion.
Donald Trump continues to pressure China, mentioning the possibility of new customs tariffs (following today’s retaliation) or additional trade sanctions if no compromise is reached.