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US was closing in on TikTok deal, but China hit brakes after Trump tariffs, reports say

US was closing in on TikTok deal, but China hit brakes after Trump tariffs, reports say
EVEN GREATER PROGRESS. WELL, HEADING ON OVER TO WASHINGTON, WHERE THE U.S. SUPREME COURT DECIDED TO UPHOLD THE FEDERAL LAW BANNING TIKTOK STARTING SUNDAY UNLESS IT鈥橲 SOLD BY ITS CHINA BASED PARENT COMPANY. NOW, THE COURT SAID THE RISK TO NATIONAL SECURITY POSED BY TIKTOK鈥橲 TIES TO CHINA OVERCOMES CONCERNS ABOUT LIMITING SPEECH BY THE APP OR ITS 170 MILLION USERS HERE IN THE U.S. NOW, THE WHITE HOUSE SAYS THAT THE APP SHOULD REMAIN AVAILABLE TO AMERICANS DESPITE THE SUPREME COURT鈥橲 DECISION. WE SPOKE WITH THE SOCIAL MEDIA STRATEGIST AND HEMPFIELD LANCASTER COUNTY GRADUATE, AND SHE SAYS TIKTOK鈥橲 ALGORITHM, WHICH CAN HONE IN ON WHAT YOU LIKE, MAKES IT DIFFERENT. WE ALSO SPOKE ABOUT THE IMPACT OF THE BAN. OBVIOUSLY, THERE鈥橲 A LOT OF PEOPLE OUT THERE THAT RELY ON TIKTOK AS AN INCOME. A LOT OF CREATORS THAT DO IT FULL TIME ARE GOING TO SEE A HUGE IMPACT. IN A TIKTOK BAN. YOU KNOW, WHETHER THEY鈥橰E PIVOTING TO OTHER PLATFORMS LIKE INSTAGRAM OR YOUTUBE, THE MONETIZATION IS NOT THE SAME LIKE IT IS ON TIKTOK. AND WE ALSO SPOKE WITH THE LANCASTER BUSINESS OWNER ABOUT WHAT A TIKTOK BAN WOULD MEAN FOR HER. KRISTIE ALBERT OF A-LISTERS LIQUORS SAYS TIKTOK IS A TOOL FOR SMALL BUSINESSES TO ADVERTISE FREELY AND GET CUSTOMERS IN THE DOOR. TAKE A LISTEN. I SEE THAT BEING A HUGE DISADVANTAGE TO SMALL MAKERS AND SMALL BUSINESSES IN THE FUTURE, BECAUSE WE DON鈥橳 HAVE THE SAME, YOU KNOW, AMOUNT OF MONEY TO INVEST IN MARKETING THAT BIG BUSINESS DOES. AND SO WHEN YOU TAKE AWAY A FREE TOOL FOR SMALL MAKERS TO USE TO ADVERTISE, YOU鈥橰E YOU鈥橰E REALLY HURTING THE THE CULTURE OF THE COMMUNITY AND THE CULTURE OF SMALL BUSINESSES. AND IT鈥橲 IMPORTANT TO NOTE IF THE BAN HAPPENS TIKTOK IT WON鈥橳 GO DARK. HOWEVER, NEW USERS WON鈥橳 BE ABLE TO DOWNLOAD THE APP AND UPDATES WON鈥橳 BE AVAILABLE,
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US was closing in on TikTok deal, but China hit brakes after Trump tariffs, reports say
President Donald Trump had a TikTok deal in place Wednesday for the app's operations to be spun off into a new company based in the U.S. and owned and operated by a majority of American investors, with ByteDance maintaining a minority position, according to a person familiar with the negotiations.But the deal collapsed Thursday after Trump announced wide-ranging reciprocal tariffs, including against China. ByteDance representatives called the White House to indicate that China would no longer approve the deal until there could be negotiations about trade and tariffs, said the person, who spoke on the condition of anonymity to discuss the sensitive details of the negotiations.The person added that on Friday it was uncertain whether a tentative deal could be announced after the Chinese government鈥檚 reversal of its position complicated TikTok鈥檚 ability to send clear signals about the nature of the agreement that had been reached for fear of upsetting its negotiations with Chinese regulators. Trump instead announced he was signing an executive order to extend by an additional 75 days the congressionally mandated ban that was set to go into effect Saturday.The near-deal was constructed over the course of months, with Vice President JD Vance鈥檚 team negotiating directly with several potential investors and officials from ByteDance.The Trump administration had confidence that China would approve the proposed deal until the tariffs went into effect.

President Donald Trump had a TikTok deal in place Wednesday for the app's operations to be spun off into a new company based in the U.S. and owned and operated by a majority of American investors, with ByteDance maintaining a minority position, according to a person familiar with the negotiations.

But the deal collapsed Thursday after Trump announced wide-ranging reciprocal tariffs, including against China. ByteDance representatives called the White House to indicate that China would no longer approve the deal until there could be negotiations about trade and tariffs, said the person, who spoke on the condition of anonymity to discuss the sensitive details of the negotiations.

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The person added that on Friday it was uncertain whether a tentative deal could be announced after the Chinese government鈥檚 reversal of its position complicated TikTok鈥檚 ability to send clear signals about the nature of the agreement that had been reached for fear of upsetting its negotiations with Chinese regulators. Trump instead announced he was signing an executive order to extend by an additional 75 days the congressionally mandated ban that was set to go into effect Saturday.

The near-deal was constructed over the course of months, with Vice President JD Vance鈥檚 team negotiating directly with several potential investors and officials from ByteDance.

The Trump administration had confidence that China would approve the proposed deal until the tariffs went into effect.