Efforts to sell TikTok's US operations have stalled as the Chinese government expressed reluctance to grant approval amidst new US tariffs. President Trump announced a 75-day extension for resolution, with a deadline set for April 5. Amid rising trade tensions, China demands negotiations on tariff issues before considering the sale. Various suitors, including private equity firms and tech entities, are interested in acquiring TikTok, reflecting ongoing complexities and interactions between US-China relations and the tech sector’s future.
A deal to sell TikTok's US operations is blocked by China due to new trade tariffs, with President Trump indicating ongoing negotiations may impact future moves.
Trump has extended the deadline for TikTok's fate to April 5, hinting at potentially cutting tariffs if Beijing permits ByteDance to sell the app.
The Chinese government signals it won't allow TikTok's divestment, wanting negotiations on tariffs before considering any agreement, amid rising tensions between the US and China.
Negotiations to sell TikTok involve significant firms, with Oracle and others eyeing stakes, while retaliation from China includes tariffs and restrictions on rare earth minerals.
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