Bloomberg claims that China has rejected the Tiktok sale agreement in the United States after the duties of the new President Donald Trump.
According to the source, after several months of negotiations, the agreement with the Chinese owner of Tiktok Baitedns was almost completed. The proposal included a reduction in its share to less than 20%, so the application in the United States was not prohibited.
But representatives of ByTedance warned that the power in Beijing would no longer give their consent to negotiations on the responsibilities that are “evil” China. After Trump introduced 54% of the responsibilities against China, Beijing was outraged – and withdrew the agreement.
BYTEDANCE representatives said the Chinese authorities will no longer maintain an agreement without duties.
In March 2024, the US Congress Chamber adopted a bill that could ban the social network Tiktok
The House of Representatives of the United States submitted a bill on the prohibition of the Tiktoktoktock Palace, representatives of the United States, submitted a bill to ban Tiktok social networks in the country.
The US Senate approved the help of Taiwan and Israel, as well as the ban on Tiktok and the confiscation of Russian assets, in the same month when the document was signed by the previous President Joe Biden.
The law entered into force on January 19. Donald Trump tried to ban Tiktok during his first presidential term, but changed his position during the presidential campaign of this year and promised to “save” the application.
One of his first productions after the inauguration of January 20, US President Donald Trump postponed Tiktok for 75 days. The new administration took time to determine the measures that will protect national security.
Trump was going to “revive” Tiktok, provided that the social network, at least, half belongs to American investors.
Trump said his administration is negotiating with four different groups
Subsequently, the US President said that he is ready to reduce customs tariffs for China if you manage to conclude a Tiktok sale agreement.
Source: Racurs
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