news China blocks TikTok sale to U.S. investors because of Trump's tariffs

[anti-bitch]

WASHINGTON, April 4 (Reuters) - A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump's tariffs announcement this week, according to two sources familiar with the matter.

 

Trump on Friday extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular short video app to a non-Chinese buyer, or face a ban that was supposed to have taken effect in January under a 2024 law.

 

The deal, the structure of which was largely finalized by Wednesday, according to one of the sources, would have spun off TikTok's U.S. operations into a new company based in the U.S. and majority-owned and operated by U.S. investors. ByteDance would hold a position of less than 20%.

 

The deal had been approved by existing investors, new investors, ByteDance and the U.S. government, the source said.

 

The Chinese Embassy in Washington, asked about the status of a deal for TikTok, said in a statement: "China has stated its position on TikTok on multiple occasions. China has always respected and protected the legitimate rights and interests of enterprises and opposed practices that violate the basic principles of the market economy."

 

https://www.reuters.com/markets/deals/trump-tiktok-sale-deadline-looms-us-looks-deal-2025-04-04/

 

Edited 8 hours ago by anti-bitch

[jadeabove]

China is not playing sis.

[king_queen]

Dump literally has no idea what he's doing 

[anastaciabby]

Lmao good!

[Relampago.]

China dog walking the US lately

[Mike91]

Wasn't this supposed to be one of the reasons for the tariffs on China? So they would feel pressured to sell Tik Tok to us? 

Worms for brains but wbk.

[EnigmaticAndroid]

Sdkskshskksk 

 

What a sh*t show 

[Genie in a Bottle]

The fact that millions of people are still proud of their vote for this Luciferian POS is the real tragedy here

[Lightbringer007]

trump bout to get the biggest ass kicking from his supporters like never before lmao

[Archetype]

Loving this for China.  Make Trump fume, make him beg.  

[gagacasanova]

 

[Onyxmage]

Is TikTok gonna have its second funeral in less than a year? 

 

[Calvin]

China and Trump, both are trash. 

[Genie in a Bottle]

3 minutes ago, Calvin said:

America and Trump, both are trash. 

Fixed it 4 u

[Taylena]

15 minutes ago, Calvin said:

China and Trump, both are trash. 

If the roles were reversed, there's no way in hell America would ever let one of its biggest social media platforms be handed over to China, tariffs or not.

[Princess Aurora]

James Charles found wigless in a ditch after hearing this 

[Gesamtkunstwerk]

Art of the Deal

[Bloodflowers.]

Don't let MAGAs have Tiktok

[Terylee]

Never thought I would say this: Well done, China.

Make Donald fume again.