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.
298 Articles
298 Articles
China undermines TikTok's agreement for tariffs
U.S. President Donald Trump said on Sunday that China overturned an agreement for the sale of TikTok because of Washington’s tariffs on Beijing last week. Trump extended Friday the deadline for TikTok to find a non-Chinese buyer or face a ban in the U.S., by granting 75 more days to find a solution, a day after imposing additional tariffs of 34% on all Chinese imports. “The report is that we had an agreement, more or less for TikTok, not an agre…
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