The agency said in a report on the topic: “The Trump administration is expected to extend the deadline of the Chinese BYDANCE company to close Tiktok or sell its American assets, which was scheduled to end on September 17,” the agency said in a report on the topic.
In June, Trump announced the signing of an executive order that allows Tiktok to be used in the United States for an additional 90 days, until September 17.
According to Reuters, the deadline has already been extended three times. According to the agency’s source, an agreement is expected to be reached on Tiktok no later than September 17.
This comes at a time when China and the United States are witnessing a state of trade war, which flared up after US President Donald Trump imposed in February 10%on all imported Chinese goods, and in March, these fees were raised to 20%, then after several mutual steps, American fees on Chinese goods reached 145%, while the fees on American suppliers in China reached 125%.
In mid -May, China and the United States agreed to reduce mutual commercial fees to 10% starting from May 14 for a period of 90 days, and as a result China began to impose 10% fees on American imports, while the United States imposes 30% fees on Chinese products, where the 20% “fentian” fees are still valid, and in late spring and early summer, the two sides accused each other of violating the initial agreements.
In early April, when Trump announced the extension of the permission to work Tiktok in the country, his administration had reached an agreement with Tiktok to transfer the platform’s work in the United States into a new company controlled and managed by most of the American investors, but after Trump imposed high customs duties on imports from other countries, the Chinese BYTEDAE company informed the White House that it would not agree on The deal until commercial problems are solved.
It should be noted that Congress in 2024, based on national security considerations, had passed a law that bitedance company was required to sell Tiktok or stop its operations in the United States.
Source: Novosti
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