Donald Trump may give China reduction in tariffs to get TikTok deal done

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Donald Trump may give China reduction in tariffs to get TikTok deal done - Business Standard

Quick Summary:

The law is the result of concern in Washington that TikTok's ownership by ByteDance makes it beholden to the Chinese government and that Beijing could use the app to conduct influence operations against the United States and collect data on Americans.

ByteDance has an April 5 deadline to find a non-Chinese buyer for TikTok or face a US ban on national security grounds that was supposed to have taken effect in January under a 2024 law.

Reuters reported last week that White House-led talks among investors are coalescing around a plan for the biggest non-Chinese backers of ByteDance to increase their stakes and acquire the video app's US operations, according to two sources familiar with the discussions.