US President Donald Trump revealed that a TikTok deal was on the verge of being finalized when China changed its position in light of new US tariffs. Trump emphasized that a decrease in tariffs would facilitate the deal’s approval. As a result of the 34% tariff imposed on Chinese imports, TikTok has granted an extension of 75 days to secure a non-Chinese buyer. The popular video-sharing platform has been at the center of a geopolitical storm between the US and China, with concerns over data privacy and national security. This development comes amidst ongoing tensions between the two countries, with technology and trade issues exacerbating the strained relationship. The deadline extension provides TikTok with more time to navigate the complex negotiations and find a suitable buyer to allay fears of Chinese influence on the platform. The outcome of these discussions will have far-reaching implications for the future of TikTok in the US market and its global operations. Stay tuned for more updates on this evolving story.

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Trump: TikTok deal almost done before China’s stance change; reduced tariff could expedite approval; TikTok extends deadline.
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