The White House had finalized a TikTok divestment deal earlier this week before President Donald Trump’s “Liberation Day” tariff rollout flipped the Chinese government’s position on the issue, the Washington Examiner has learned.
Sources familiar with the negotiations say the White House, with lead negotiator Vice President JD Vance, had finalized a deal on Wednesday between American investors and TikTok’s Chinese parent company, ByteDance, that would allow the social media giant to continue operating within the United States.
However, after Trump’s “Liberation Day” tariff rollout in which the White House slapped a new 34% tariff on China, Beijing flipped its position, and ByteDance informed the White House that no sale could be agreed to ahead of trade negotiations.
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In response to the new global trade war,
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