An agreement to separate US assets on Tiktok was suspended after China has made it clear that it would not agree to the deal after announcing the mutual definitions by US President Donald Trump, according to two sources familiar with the matter.
The agreement, which was widely completed on Wednesday (2), according to a sources, would cut American Tiktok operations in a new company based in the United States, most of which are owned and managed by American investors. The Chinese, the current owner, stop the position of the minority less than 20 %.
The source said that the agreement was approved by current investors, new investors, homes and the US government.
He did not respond by bydance and the White House immediately to order the comment. Also, the Chinese embassy in Washington, DC, did not immediately respond to the comment for the comment.
This Friday, and President Donald Trump extended the deadline for 75 days In order for the Chinese technology company to sell assets from the famous TIKTOK application to a non -Credit buyer, or face a ban that should have come into effect in January, according to the 2024 law.
“The agreement requires more work to ensure the signing of all the necessary approvals,” Trump said on social networks, explaining the reason for extending the deadline that he created in January, to end its validity on Saturday (5).
“We hope to continue working in good faith with China, which I understand is not very happy Mutual ratesHe added.
China is now facing a rate of 54 % on imported goods to the United States after Trump announced a 34 % increase this week.
The Asian state declared On Friday. Trump said he would be ready to cut prices on China to close a deal with Bytedance, to sell the application Used by 170 million Americans.
