Trump’s tariffs killed his TikTok deal

is a deputy editor and author of thenewsletter. He has been reporting on the tech industry for more than a decade. Earlier this week, when it seemed as though TikTok’s fate in the US would actually be decided by April 5th, everyone — from Amazon to the founder of OnlyFans — was coming out of the woodwork to buy it. As it turns out, none of them had a chance. And now, thanks to President Donald Trump’s tariff war, no one may get to buy TikTok. People familiar with the matter tell me that, despite all of the bids for the app, the White House was only seriously considering an Oracle-led consortium, which included many of ByteDance’s biggest investors who were set to roll their stakes into a new, US entity. The proposal, which would have licensed the app’s algorithm from China and shuffled some shareholder money around to make TikTok look more independent from ByteDance, was set to be announced before President Trump went nuclear on tariffs. As others have reported and I’ve independent ... Read full article.