Reported 1 day ago
A deal to transfer TikTok’s U.S. assets into an American-based company was paused after China indicated it would not approve the arrangement, influenced by President Trump’s new tariffs. Despite the deal’s approval by various stakeholders, including the U.S. government and investors, ongoing tensions over tariffs led to the decision, with Trump extending a deadline for ByteDance to sell TikTok's U.S. operations.
Source: YAHOO