Trump’s TikTok deal nearly final, China alters stance due to tariffs, extended deadline granted for non-Chinese buyer.

US President Donald Trump revealed that a TikTok deal was on the verge of completion before China changed its position in light of new US tariffs. Trump noted that imposing an extra 34% tariff on Chinese imports prompted this shift and suggested that lowering the tariff could help fast-track the deal’s approval. As a result, TikTok has granted an extension of 75 days to secure a non-Chinese buyer. This development comes amidst the ongoing tensions between the US and China over various trade and technology issues. Trump’s remarks signal the delicate nature of negotiations involving the popular video-sharing app, which has been under scrutiny due to national security concerns. The deadline extension provides more time for potential buyers to navigate the complexities of the deal and for TikTok to potentially avoid a ban in the US. The situation remains fluid as both countries navigate the intricate web of international trade relations and geopolitical considerations. Stay tuned for further updates on this evolving story.

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