TikTok deal stalled by China’s objections to tariffs, Trump says
China’s objections to the new US tariffs have stopped dealing with the sale of the bargain and to operate in the United States, President Donald Trump said on Sunday.
“We had a lot of transaction for Tiktok, not a deal, but later China changed the deal due to tariffs,” said Trump, when he returned to Washington after a long weekend. “If I would provide a little in the tariffs, they confirmed the deal in 15 minutes, which shows the power of tariffs.”
Trump administration officials, including JD Vance Vance and National Security Advisor Mike Vallz, are cooperating on the agreement on selling a popular social media app that is required in 2024.
But China should also get out of the plan.
Trump announced the widespread tariffs on Wednesday It is reported that it is close, With the consortium of the upcoming US investors, including Oracle Corp., Blackstone Inc. and VENTURE CAPITAL FIRM ANDREESSEN HORROITZ.
But that agreement was publicly announced, and according to Trump, China’s objections have signed a contract. Earlier, Washington Post reported that Trump’s steps have stopped negotiations to raise tariffs on China.
Trump’s procedure calls on another 34% tariff on China, building by 20% this year. China announced on Friday that it was self-determinationFrom April 10, its 34% tariff for all imports from the United States. The authorities also stated that they limit the export of some rare earthly items.
Trump has previously said that it would be ready to lower the deal with China if the country agrees to sell the ticket.
2024 On January 19, it was necessary to fragile to divide the US unit of “T.”, but the company posted a profitable business to sell $ 20 billion to $ 150 billion. Trump has previously prolonged the highest or banning requirement, and on Friday signed a 75-day extension.
This story was originally shown Fortune.com
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