The potential shutdown of TikTok poses a significant threat to US businesses, with estimates of up to $1 billion in losses in just one month. The White House is under pressure as President Trump seeks to finalize a deal that would allow TikTok to continue operating in the US while ensuring user data security. Despite a fragile truce in US-China relations, negotiations remain tense, with China leveraging trade deadlines to maintain its advantage. There's increasing skepticism about the urgency of resolving these national security concerns amidst ongoing diplomatic struggles.
TikTok has warned that US businesses could lose $1 billion in one month if TikTok shuts down as businesses wait for a resolution.
White House press secretary Karoline Leavitt stated that President Trump does not want TikTok to go dark and intends to sign an executive order.
Trump initially planned to use the TikTok deal as a bargaining chip, but retaliations between the US and China left China hesitant to agree.
Despite a truce being reestablished, tensions remain high as China sets its own deadlines in the ongoing trade war with the United States.
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