TRUMP'S TIKTOK PLAN UPENDED BY CHINESE OBJECTIONS OVER TARIFFS

Summary from the TLDR newsletter

China has withheld approval for a deal that involved the launch of a new US-based version of TikTok owned and operated by a majority of American investors. White House officials had planned for President Trump to sign an executive order approving the proposal, which had the blessings of investors and ByteDance. Trump's recent tariffs have angered China and prompted retaliatory measures against the US. The deadline to reach a deal has been extended by another 75 days.