13 minutes agoDid the US-Keney tariff dispute prevent a TikTok deal?
Periskopi(a year ago)
(a year ago)An agreement on TikTok's future may have been one of the first victims of this new, most intense US-Chinese trade war. The U.S. has adopted a law saying that the extremely popular video sharing app must either sell its operation in the US or be banned. [...]
The U.S. has adopted a law saying that the extremely popular video sharing app must either sell its operation in the US or be banned. The deadline was last Saturday, reports BBC, broadcast Periscope.
It seems that an agreement was almost finalised last Wednesday, but was disbanded after Trump, on the same day, announced sweeping global tariffs including China.
ByteDance representatives, the Chinese owners of TikTok, contacted the White House to inform them that China would no longer approve the agreement unless tariff negotiations can be held, said a source known to the CBS News agreement, the BBC American partner.
The deal was out of order and President Trump extended the deadline for a 75-day deal. What can happen next?
Well, if a week is a long time in politics, then 10 weeks is an absolute age. With Washington and Beijing exchanging more challenging threats and rhetoric, it may happen that no agreement on the future of TikTok will prove to be one of the first consequences in the real world of these new tariffs. The wisdom on TikTok's future will prove to be one of the first consequences of the real world of the Tatar war. /Periscope/
