US President Donald Trump admitted that his tariffs on China hindered a potential deal to sell TikTok, as China objected to the new tariffs, stalling the transaction. Trump mentioned that a deal was close before the tariffs were announced, with US investors like Oracle Corp and Blackstone Inc involved. He extended the deadline for the TikTok deal by 75 days, as US officials work on finding an American buyer with China’s approval, as required by a 2024 law.
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