Industry News

Trump Sopesa an exchange of favors with China: less tariffs in exchange for the sale of Tiktok


On April 5, the grace period that Donald Trump granted on January 20 to Tiktok on American soil expires. If before that date, Bytedance, the matrix of the famous social network, does not reach an agreement with a company based in the United States to transfer Tiktok control in the North American country, the celebrated platform would be bound to the “blackout” beyond the seas.

Trump is aware that time is exhausted to Tiktok in the United States and for this reason, and in order to facilitate an agreement, he has been willing to reduce tariffs imposed on Chinathe country where the social network matrix is ​​based (and which will in dessert the last word in an eventual acquisition of the business of this platform on American soil).

The president of the United States has admitted the absolutely preponderant role that China will play in the agreement for the purchase of the Tiktok business in the North American country and has put on the table a possible exchange of favors with Beijing to get this transaction to reach fruition. “We may offer China a small reduction in tariffs or something similar to facilitate the agreement”says Trump.

These statements suggest that the sale of Tiktok is an absolute priority for the Trump administration And it is an issue with enough Enjundia to use tariffs and commercial war currently in progress against China as a negotiation tool with the executive of the Asian giant.

Tiktok has a deadline until April 5 to find a non -native buyer from China to control its US subsidiary. Otherwise, and by virtue of the federal law approved in April last year by the United States Congress, Tiktok will disappear from the applications stores beyond the seas.

Tiktok has a deadline until April 5 to find a non -native buyer from China that is done with the control of his business in the US.

The rule that Tiktok survival has put in check in the United States was motivated by the anxiety that causes US authorities to access the personal data of US citizensSy to perpetrate operations against the North American country.

Since the White House rudder was placed last January 20, Trump has imposed additional tariffs of 20% on all imports from China. And now the president would be willing to loosen his aggressive tariff policy against the Asian country with the last objective of ensuring that China gives their approval for the sale of the American business of Tiktok.

To convince China to give up their control over a company as valuable as Tiktok has always been the greatest obstacle when achieving an agreement aimed at changing the social network in the United States.

It is not the first time that Trump uses tariffs as a weapon to force an agreement with China for the sale of American Tiktok subsidiary. On January 20, the same day he took office as president of the United States, Trump already threatened to impose additional tariffs on China if Beijing did not give green light for sale of Tiktok.

The Bytedance subsidiary, which has more than 170 million users in the United States, merged black during the night of January 18few before the federal law approved last year by Congress entered into force. However, when he had just 12 hours out of circulation, Tiktok resumed his operations in the United States after Trump promised to approve an executive order to postpone the application of that standard. On January 20, after his oath as the new president of the United States, Trump effectively approved an executive order that granted Tiktok a 75 -day grace period, a period of grace that expires on April 5.

The United States government has been very involved in negotiations With the focus on the sale of Tiktok business on American soil, in whose acquisition there would be at least four interested “players”, as Trump announced a few weeks ago.

So far they have made public their interest in the purchase of Tiktok in the United States a group led by the billionaire Frank McCourt and the co -founder of Reddit Alexis Ohanian, another group headed on this occasion by the technological entrepreneur Jesse Tensley and the famous YouTuber MrBeasTy the American startup specialized in AI Perplexity AI. Trump has also signed up for Microsoft and Larry Ellison, founder of Oracle, as possible candidates to get the Tiktok business in the United States.



Industry News Updates


Discover more from CiptaVisual

Subscribe to get the latest posts sent to your email.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Discover more from CiptaVisual

Subscribe now to keep reading and get access to the full archive.

Continue reading

Adblock Detected

Please de-activated Ad Blocker. Your contribution helps us keep creating valuable, amazing content and continue empowering visual storytellers around the world.