US President Donald Trump announced that a TikTok deal was on the verge of completion when China changed its position in light of new US tariffs. Trump revealed that imposing a 34% tariff on Chinese imports prompted China’s shift and suggested that lowering the tariff could accelerate the deal approval process. In response to the developments, TikTok has granted an extension of 75 days to secure a non-Chinese buyer. The move comes amid heightened tensions between the US and China over various issues, including trade and technology. Trump’s remarks indicate the intricate relationship between trade negotiations and geopolitical dynamics, particularly in the context of the ongoing trade war between the two global powers. The extended deadline provides TikTok more time to navigate the complex negotiations and potential regulatory hurdles involved in finalizing a deal that satisfies both US and Chinese authorities. The latest twist in the TikTok saga underscores the challenges faced by companies operating in the current geopolitical landscape, where economic considerations are often intertwined with political factors. With the deadline extension, stakeholders will be closely monitoring the developments surrounding the TikTok deal as it unfolds against the backdrop of broader US-China relations and trade policies.

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Trump cites Chinese tariff change in TikTok deal delay, urges reduced tariffs for quicker approval as deadline is extended.
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