The president had initially given China’s ByteDance until Saturday to sell or divest its U.S. TikTok business. The company now has 75 additional days.

President Donald Trump's plans to enable a US acquisition of TikTok have been thwarted by Trump's plans to tariff the shit out of China. According to The Verge, the new global tariffs imposed on China and dozens of other nations "seemingly torpedoed" plans for candidates — mostly like Oracle — to take over the ByteDance-owned app.

A deal for TikTok to be purchased has stalled due to Trump’s tariffs on China. A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump’s tariffs announcement this week, according to two sources familiar with the matter.