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Trump floats reducing tariffs on China to secure TikTok deal

  • U.S. President Donald Trump suggested reducing tariffs on China to finalize a TikTok sale, yet Beijing rejected this idea, stating its position is clear, according to foreign ministry spokesman Guo Jiakun.
  • A law mandates TikTok to be sold by its Chinese owner, ByteDance, or face a ban in the U.S. Due to security concerns.
  • Various groups are interested in acquiring TikTok, including the initiative 'The People's Bid for TikTok' launched by Frank McCourt and investors like Microsoft and Oracle.
  • Time is critical, as Trump’s Executive Order for TikTok's parent company expires on April 5, with legal and technical challenges surrounding the sale of the app.
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Cybersecurity Insiders broke the news in on Wednesday, March 26, 2025.
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