TikTok deal in limbo amid trade war
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Technology
Technology
The Big Story
How Trump's China tariffs upended TikTok negotiations
President Trump’s new tariffs on China have thrown a wrench in efforts to negotiate a deal over TikTok’s divestment from its parent company ByteDance, as Washington and Beijing sink deeper into a trade war.
© Jeff Chiu, Associated Press
After the White House finalized a deal on TikTok last week, Trump’s tariffs upended negotiations, prompting China to decline to approve the deal without further discussions on tariffs.
Trump deepened his trade war with China on Wednesday, hiking tariffs on Chinese goods to a staggering 125 percent while easing them on nearly all other countries.
As Trump goes to battle with China, he may be handing Beijing greater bargaining power, experts said.
“This national security imperative to divest from ByteDance is now giving China leverage at the same time that Trump is trying to........
