The latest news on the trade war front between the US and China hints at a possible easing of tensions between the two parties. For instance, a few days ago it was reported that China resumed the shipments of liquified natural gas from the US. And now the deadline for ByteDance to sell its US division of TikTok has been extended. However, the delay of TikTok’s acquisition is just a reprieve. Back in September, ByteDance had reached a deal with Oracle and Walmart under which the American companies would hold a 20% stake of the video-sharing platform. Given the fact that 40% of ByteDance is already owned by US venture capital firms, TikTok would be largely controlled by US investors. In the meantime, the popular social media app remains at risk of getting banned by the US authorities until the deal is completed. Notably, it was Donald Trump who ordered to impose a ban on the Chinese video service. It is difficult to say how the situation will develop when Trump leaves the White House. Hopefully, the policy of Biden’s administration will be more favorable for TikTok. The outcome of the deal may have serious implications for the US-China trade relations as well as for the development of the global Net.