@cbsnews: President Trump said a deal to spin off U.S. assets of TikTok is "still on the table," days after it was put on hold. "We have a deal with some very good people, some very rich companies that would do a great job with it, but we're going to have to wait and see what's going to happen with China," Trump said Wednesday, hours after he announced a 90-day pause in reciprocal tariffs on most countries, but raised tariffs on China from 104% to 125%. A deal had been reached on April 2 between investors, TikTok's Beijing-based parent company ByteDance and the U.S. government that would have spun TikTok's operations in the U.S. into a new company that was owned and operated by a majority of American investors, according to a source familiar with the plans. But after Trump announced sweeping tariffs, ByteDance told the White House on April 3 that China would no longer approve the deal until issues over trade and tariffs were resolved, the source said. Days later, Trump delayed the enforcement of a law that effectively bans TikTok. A deal must be reached by June 19, when the ban would take effect. #tiktok #trump #tariffs

cbsnews

Open In TikTok:

Region: US

Thursday 10 April 2025 15:01:58 GMT