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Us Tiktok Deal: The ticket deal between the US and China was almost final, but was canceled due to Trump’s tariff war. Now the new deadline has been fixed for 75 days. The future data of the deal will depend on privacy and government policies.
Donald Trump’s tariff could not be ticketed.
Highlights
- Trump’s tariff war applied a brake on the ticket deal.
- The new deadline has been fixed for 75 days.
- The future data of the deal will depend on privacy.
New Delhi: The US had almost taken a ticket deal. Everything was final for the deal between the US and the Chinese company. But at the last moment the deal was deleted. The new deadline has now been fixed for the ticket deal. Sources say that President Donald Trump had settled a nearby deal for tickets on Wednesday. Under this, the operation of the ticket app was to be converted into a new company located in the US. The owners and operators of this new company would have been mostly American investors, while the Chinese company Bitdens would have a minority stake. But Trump’s tariff war changed the whole game.
Yes, this ticket deal was canceled on Thursday after Donald Trump’s announcement of tariff against China. China has applied a brake on this deal due to Trump’s tariff policy. Giving information about the conversation on the condition of anonymity, the source said that the representatives of BiteDance called the White House and told that China will no longer approve the deal until the business and the tariffs are negotiated.
Now 75 days deadline
If sources are to be believed, it was not decided on Friday whether the agreement should be announced or not, because it was difficult to tell the reality of the agreement for tickets due to changing the stance of the Chinese government. He feared that doing so could spoil the atmosphere of his interaction with the Chinese regulators. Trump then announced that he is signing an executive order to increase the compulsory ban by the Congress, which came into force from Saturday for 75 days.
Where did it reach
It is worth noting here that the deal was almost final after months of conversation. The team of Vice President JD Vance had directly interacted with several potential investors and bytedens officials. The Trump administration was confident that China would approve the deal, but the matter deteriorated after the fee was imposed.
What is the ticket deal
The ticket deal means a change in the ownership structure of the ticket app, which is from the deal between American companies such as Bightdance and other aspects. This started mainly due to national security concerns in the US, where a ban on ticket -lock was threatened. In a proposed deal in 2020, there was a partnership with Walmart and Oracle, but it was not fulfilled. Now again, America has fixed 75 days deadline for this deal. In future, this deal will depend on data privacy and government policies.
