In short: Chinese -owned Ticketkok faced the US ban on 5 April until it could divide his American operations to a state buyer. The Trump administration was reportedly finalized a deal associated with several investors, but Beijing withdrew in response to the new US-laughed tariff, inspiring the White House to extend the deadline.
President Trump recently signed an executive order that signed an executive order to extend the delay on the US ban of Tikok for another one and a few months to continue negotiations to American investors to sell Chinese-owned social networks. The President claimed that the deal had seen “tremendous progress”, but his recent broad “liberation day” tariffs allegedly pushed the Chinese government to stop the deal.
Sources told AP and Reuters that the owners of Tikok, the owner of Bidens and White House, were finalizing an investment deal with several American companies that would leave the biodenses with a 20 percent stake. The identity of American buyers is unknown. However, previous reports mention private equity firms Blackstone, Tech Giant Oracle, Amazon, Mobile App Platform Applovin, founder of onlines, Tim Stockley and others.
On 2 April, Trump introduced historical tariffs on several countries. The long list, which experts have described as “atomic bombs” on international trade, include new taxes on imported Chinese goods that increase the total anti-China tariff by 54 percent. In response, Beijing indicated that it would not approve the division of tiktok until it can do duties again.
The Congress passed a law to ban Tiktok in the US last year due to national security reasons. However, President Trump extended the deadline after assuming posts to allow time for sale, reversing the stance from his first term.
Many fear that the social network may put personal data of more than 170 million US users in Beijing’s hands or make them sensitive to Chinese propagation. Nevertheless, support for a ban has reduced considerably in the last two years.
Business groups hope that the new American tariffs increase a trade paradigm, to disrupt the global economy that has run for decades. In fact, Americans buy everything, including computers and other electronics, can see a sufficient price hike.
Since the markets have lost trillions of dollars in the last few days in the last few days, technical companies such as epidemic, AMD, Dell and HP experienced a decline of about 10 percent. Although semiconductors are not yet affected, new upcoming tariffs can also target them.
