Trump already He postponed 75 days At the end of January the entry into force of an approved law in 2024 by him Congress which forces the social network’s parent company, Bytedancegive control.
It is about preventing Chinese authorities from having access to the personal data of the users of Tiktok in USA or they can influence American opinion through the powerful social network algorithm. There have never been evidence that these fears justify.
The deadline now passes to June 19.
The sale needs the green light of Bytedance and of the Chinese authorities and for now they have not approved even to the very idea of a sale.
“A transaction requires more work to ensure that all necessary approvals are signed, so I sign an executive order to keep Tiktok in operation for additional 75 days,” Trump wrote on his platform Social truth.
“We hope to continue working in good faith with Chinawhich I understand is not very happy with our reciprocal tariffs, ”he added referring to those announced on Wednesday.
These new customs rates of 34% are added, in the case of China, at 20% already in force, which raises the total of 54%.
These levies are “necessary for a fair and balanced trade” between the two countries, Trump insists.
China retaliates and announced on Friday that it will impose a 34% tax on American products imported as of April 10.
“We do not want Tiktok to disappear” and “we hope to work with Tiktok and China to close the agreement,” repeated the real estate exmagnate, turned into a platform defender after trying to prohibit it in 2020.
Applicants
According to several American media, there are ongoing negotiations and the hypothesis that is most considered is to separate Tiktok from your parent company.
The Bytedance shareholders would then receive actions from this new entity equivalent to their current participation in the Chinese giant.
According to Tiktok herself, approximately 60% of the capital of Bytedonce is in the hands of non -Chinese investors, which would mean that the video platform would no longer be controlled mostly by a Chinese company, a key requirement of Congress.
This would rule out any payment and avoid entry into the capital of one or more applicants to take the social network.
This list includes the “Libertad” of the businessman Frank McCourt, the YouTuber Mrbeast and the artificial intelligence startup (AI) perplexity ai.
In recent days, according to US media, Amazon and Walmart also expressed interest. In 2020 they made a joint offer with Microsoft that was in dead letter.
Other American companies, including the Oracle cloud specialist, which already houses Tiktok servers in the United States, and the Blackstone investment firm could take a minority participation, according to US media.
There is more at stake than finance: the famous recommendation algorithm Tiktokconsidered the best in the world among all social networks and that explains the popularity of the application.