TikTok deal put on hold after China indicated it would reject deal over tariffs: Report
- President Trump delayed the potential TikTok ban in the US for a second time, extending the deadline.
- Trump's actions followed concerns about TikTok's ownership by ByteDance and potential data security risks.
- The executive order paused the ban for 75 days to allow deal negotiations for US ownership to continue.
- Trump stated, 'We look forward to working with TikTok and China,' but ByteDance said, 'no agreement has been reached'.
- The extension's implications include potential national security concerns if ByteDance retains control of the algorithm.
290 Articles
290 Articles
China Halts TikTok Deal Over U.S. Tariffs, Trump Says
U.S. President Donald Trump stated that China abandoned a potential TikTok deal due to tariffs imposed by his administration. Trump announced an additional 34% tariff on all Chinese imports last week, escalating tensions between Washington and Beijing. He extended the deadline for TikTok to find a non-Chinese buyer by 75 days, warning of a U.S. […]


TikTok deal put on hold after China objects over tariffs, sources say
A deal to spin off the US assets of TikTok was put on hold after China indicated it would not approve the deal after President Donald Trump's tariffs announcement last week, according to two sources familiar with the matter.
China overturned a draft agreement on TikTok in response to Trump's customs duties, which enthrones
Donald Trump reported on Sunday that China had overturned a draft agreement with the United States on the sale of the social network TikTok, because of the new customs duties imposed by Washington. ...
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