“On September 17, President Donald Trump Administration, on September 17, it will continue to extend the deadline set for the Chinese company by BYTEDANCE to sell or separate the American business of the popular TikTok.”, – WRITE: www.pravda.com.ua
Source: Reuters with reference to a source aware of the situation
Details: This will be the fourth deferral provided by the US President as part of the Law, which initially demanded from bytedance to sell US assets by January 2025. After the beginning of his second presidential term on January 20, Trump decided not to apply the law immediately, consistently continuing the deadline until April, then until June, and last – until September.
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The position of the President himself remains uncertain. Last month, he declared the availability of American buyers and the possibility of further delay, but on Sunday, September 14, it was ambiguous.
“Maybe yes, maybe no – we are talking about TikTok now. We can let him disappear or can … I don’t know, depends on China,” Trump told reporters, adding “it’s not too important.”
Despite Washington’s fear that China can use Tiktok for espionage, blackmail or censorship of Americans, Trump himself expressed his desire to keep the application.
“I would like to do it for the sake of children,” the American leader stressed.
Literally: “The negotiations on the agreement are slowly proceeding, because any transmission of the valuable Tiktok algorithm to the American buyer requires Beijing’s approval.
The agreement was prepared in the spring. It envisaged the allocation of TikTok’s US unit to a new company with the head office in the United States, whose control package would be owned by US investors, but was suspended after China stated that it would not approve it after Trump’s announcement of high tariffs for Chinese goods. ”
Details: The TikTok question was included in the agenda of current trade talks between the United States and China, which began in Spain on September 14.
According to the source, the inclusion of Tiktok in the official negotiation program provides the Trump administration “political cover” for the next continuation of the deadline, which can cause dissatisfaction among representatives of both parties in Congress, which insist on the sale of the platform. However, it is reported that the agreement is not expected to reach the agreement until September 17.