Solo A day before the prohibition of Tiktok in the United States came into force Last Saturday, April 5, the Trump administration decided, as The Verge points out, Expand the paralysis of the measure for another 75 days, until June 19.
Trump himself has commented that the extension has been given because despite having made progress in an agreement to prevent the veto from entering, the agreement that will allow it, which happens because Bytedance sells a major part of the network to local assets maintaining a minority participation, needs more work to ensure that all the necessary approvals are achieved.
But the reality, according to several sources, is that the agreement has been paralyzed at the moment due to the tariffs Trump has announced for China. Apparently, the agreement to transfer the majority property of Tiktok’s operations to create a new company based in the United States was imminent, but in Bytedance they have cast back through the tariffs that Trump intends that China pay 34% to all its exports to the country.
From Associated Press highlight that several Bytedance representatives called to the White House to indicate that China would not approve the agreement until there were no negotiations on trade and tariffs.
In addition to this brake, China has taken other measures, such as the imposition of other 34% tariffs on all US exports to the country, as well as a much stricter control of several scarce and essential minerals in the electronics and computing sectors, generically called “rare earths.”
There are currently several groups of investors interested in buying Tiktok, but there is no news about which of them will be the one that finally manages to take the social network in case the negotiations are unchanged. Meanwhile, Trump is still determined to justify his tariffs pointing out that They hope to continue working with China to reach an agreement with Bytedonceand pointing out that they believe that tariffs are necessary for a fair and balanced trade between China and the United States.
