US EditionTikTok deal collapses after Trump imposes tariffs on China
12 Articles
12 Articles
Trump’s tariffs killed his TikTok deal
Earlier this week, when it seemed as though TikTokâs fate in the US would actually be decided by April 5th, everyone â from Amazon to the founder of OnlyFans â was coming out of the woodwork to buy it. As it turns out, none of them had a chance. And now, thanks to President Donald Trumpâs tariff war, no one may get to buy TikTok. People familiar with the matter tell me that, despite all of the bids for the app, the White House was only …
TikTok deal collapses after Trump imposes tariffs on China
WEST PALM BEACH, Fla. — President Donald Trump had a TikTok deal in place Wednesday for the app’s operations to be spun off into a new company based in the U.S. and owned and operated by a majority of American investors, with ByteDance maintaining a minority position, according to a person familiar with the negotiations.
Deal to sell TikTok was in place — but ByteDance pulled out after new Trump tariffs
By Wednesday, Trump officials had worked out a process for Trump to sign an executive order authorizing the sale of the social media app from its Chinese parent company ByteDance
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