The sale of TikTok's American assets was slowed down after China said it would not reward it through massive tariffs imposed by US President Donald Trump.
The AR informs about this via email, Ukrinform reports.
On Friday, Trump signed an order to extend the ban on the popular add-on for short videos TikTok for another 75 days. This is the new term for ByteDance to sell TikTok assets to American investors.
Ugoda transferred the vision of the American peddler TikTok to a nearby company with American investors as the majority shareholders, and at the same time ByteDance would lose less than 20%.
The Trump administration was convinced that China would praise its favor, and China would not regain its decency.
However, according to the AP spokesman, ByteDance representatives telephoned the White House to inform that China will not praise the agreement until negotiations on trade and tariffs are held.
A ByteDance representative confirmed in his statement that the company had discussed “potential solutions” with the United States, but added that “the deal was not finalized.”
As reported by Ukrinform, US President Donald Trump officially voted against introducing large-scale tariffs against trading partners of the United States, calling it “Day of Liberation” for America. As a result, the US government is introducing a basic tariff of 10% on all goods from other countries. In addition, additional regulations will be introduced for specific powers. Zokrem, for China – on par with 34%, the European Union – 20%, Japan – 24%, India – 26%, New Korea – 25%, Great Britain – 10%, Israel – 17%.
China announced on Friday that, starting in the 10th quarter, it would introduce a 34% tax on imported American goods in addition to the US decision to introduce a tax on Chinese imports.