US Edition
Trump floats reducing tariffs on China to secure TikTok deal
- US President Donald Trump indicated he might reduce tariffs on China to secure approval for TikTok's sale.
- A US law mandates TikTok to divest from its Chinese owner, ByteDance, or face a ban due to national security concerns.
- Potential buyers for TikTok include groups in talks with the United States, including Perplexity, which is interested in integrating AI with the app.
- Trump also mentioned he would extend the deadline for TikTok's sale if a deal is not reached in time.
230 Articles
230 Articles
Trump Says China Almost Approved TikTok Deal Before Tariffs
President Donald Trump said on Sunday that China was close to approving a deal for the sale of TikTok but backed out due to the 54 percent tariffs on Chinese imports. “We had a deal pretty much for TikTok, not a deal but pretty close. And then China changed the deal because of tariffs,” Trump told reporters aboard Air Force One. “If I gave a little cut in tariffs, they would approve that deal in 15 minutes, which shows the power of tariffs.” Tru…
The Week That Was: IT and Media news week 13
The uncertainty around TikTok on the US market remains but deadline is coming up. One of the first things president Donald Trump did when back in the White House was to give the Chinese owned social media until April 5 to find a buyer to avoid a ban on the US market. A new survey shows that public support for a TikTok ban is falling. Support for banning TikTok now stands at 34% among US adults. That’s down from 50% in March 2023, according to Pe…
Pro-Trump Billionaire from Wyoming is Current Highest Bidder to Buy TikTok
Reid Rasner, a pro-Trump billionaire, has made an unprecedented $47.45 billion bid for TikTok, promising to reshape the platform and support a sovereign wealth fund. His ambitious plan could redefine digital ownership in America.
ThePatriotLight - TikTok’s highest bidder is also its most Trumpian
As the deadline for ByteDance to divest from social media platform TikTok approaches, the current highest bidder is a stalwart Donald Trump ally with big dreams of revolutionizing social media and the user data trade. Under the Biden administration, Congress passed legislation forcing ByteDance to either sell off TikTok or cease operations within the United States. Though Trump attempted to ban the app during his first term, he has since pivoted…
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