TikTok's Fate Hinges on U.S.-China Deal Approval Amid National Security Concerns
The U.S. demands China approve a deal for TikTok's sale to avoid a shutdown. President Trump extended China-based ByteDance's deadline to divest its U.S. assets. If the deal proceeds, the U.S. will control TikTok's algorithm. A new U.S.-based firm could own TikTok's U.S. operations, but legal challenges and China's disapproval pose obstacles.
The U.S. Commerce Secretary Howard Lutnick clarified on Thursday that TikTok could cease operations in the United States unless China approves a deal for its sale. The decision impacts about 170 million American TikTok users and mandates U.S. oversight of the platform's algorithm. Lutnick emphasized an urgent resolution on CNBC.
Previously, President Donald Trump's administration extended ByteDance's divestment deadline for TikTok's U.S. assets to September 17. Despite a law operational from 2024 that orders a sale or shutdown by January if there's no substantial headway, Trump insists on American acquisition and algorithm command.
China's disapproval has stalled plans to shift TikTok's operations to a majority U.S.-owned entity. While Trump has repeatedly deferred enforcing the law, Attorney General Pam Bondi issued notices to tech giants like Apple and Google, signaling potential legal immunity amid Trump's national security and foreign policy priorities. However, the deadline challenge faces pushback from Democratic lawmakers questioning its legitimacy.
(With inputs from agencies.)
ALSO READ
SpaceX Contracts Under Scrutiny After Trump-Musk Feud
At all-party meeting, Congress seeks PM Modi's statement on Trump's claims, 'lapses' in Pahalgam, SIR: Gaurav Gogoi.
AAP's Sanjay Singh to Spotlight Trump Ceasefire Claims in Parliament
CPI(M)'s John Brittas says PM Modi should speak in Parliament on Trump's claims on Operation Sindoor, Pahalgam terror attack.
AAP leader Sanjay Singh says he raised 'poll scam' of SIR in Bihar, Trump's 'ceasefire' claim at all-party meeting.
Google News