Nairobi, Kenya- In a statement, U.S. President Donald Trump recently revealed that China would have likely approved a deal for the sale of TikTok if it weren’t for the tariffs imposed by Washington last week.
The popular social media app, with over 170 million users in the U.S., has been embroiled in a high-stakes battle involving national security concerns and government intervention.
The Impact of Tariffs on TikTok Deal
While speaking to reporters , Trump said that negotiations were nearly finalized for a deal that would have allowed TikTok to avoid being banned in the U.S.
However, the deal hit a roadblock after the U.S. imposed an additional 34 percent tariff on Chinese imports.
Trump suggested that if he had reduced the tariffs slightly, China would have approved the TikTok deal in a matter of minutes, highlighting the power tariffs wield in international negotiations.
This development comes after a significant law was passed in the U.S. mandating TikTok to either separate from its Chinese parent company, ByteDance, or face a potential shutdown in the country.
Trump’s administration had been pushing for a sale to American investors, and according to him, the deal was nearly set before the tariffs changed the course of discussions.
ByteDance’s Stance on the Situation
Despite the ongoing negotiations, ByteDance, TikTok’s Chinese parent company, confirmed that talks were still underway with the U.S. government.
However, it cautioned that there were “key matters” left unresolved. The company emphasized that any final agreement would be subject to approval under Chinese law, meaning any potential deal would need to navigate the complexities of international law.
For now, TikTok’s future in the U.S. hangs in the balance. Both the Trump administration and ByteDance are pushing for a resolution, but it remains unclear whether the pressure of tariffs and geopolitical tensions will pave the way for a deal, or if TikTok will be forced to withdraw from the American market.
Trump Grants TikTok 75-Day Extension Amid Ongoing Deal Talks ynews.digital/headline-1/tru…
As this saga continues to unfold, the global tech community and millions of TikTok users are waiting to see whether a resolution will be reached—or if the app will be permanently shut down in one of its largest markets.
The deadline for TikTok to reach a deal or face a shutdown in the U.S. has been extended by 75 days.
As the clock ticks down, all eyes will be on the outcome of these negotiations. The fate of the app could have broader implications not only for U.S.-China relations but for the future of global tech business dealings.
Stay updated on the latest developments surrounding the TikTok deal by following news outlets and industry reports.
