How Trump's Tariffs Killed the TikTok Deal: A Missed Opportunity for U.S. Acquisition
Trump’s trade war sabotaged TikTok’s potential U.S. acquisition.
Matilda
How Trump's Tariffs Killed the TikTok Deal: A Missed Opportunity for U.S. Acquisition
When TikTok was on the verge of being saved from a U.S. ban, a trade war led by President Donald Trump dashed any hopes of a successful acquisition. This event has long-lasting implications for TikTok’s future and its operations in the U.S. Despite numerous bids from major companies, it was a consortium led by Oracle that had the strongest chance of securing the app's future in America. However, Trump's announcement of new tariffs destroyed this opportunity, turning what could have been a win for both China and the U.S. into a diplomatic standoff. Image:Google The Oracle-ByteDance Deal: A Potential Game-Changer Initially, Oracle and a group of ByteDance investors had devised a proposal that aimed to make TikTok appear more independent from its Chinese parent company. The idea was to move its algorithm to the U.S. and create a new entity that could be owned by American companies. This was a last-ditch effort to keep TikTok operational in the U.S. without succumbing to the politica…
