President Trump recently said that he found a buyer for Tiktok, the controversial of short Chinese property video app, but his actual problem is with the seller, according to the money.
Tiktok is used as a pawn in the Chinese trade negotiations in the United States of Beijing, who knows that Trump wants the application to continue to operate in the United States, according to people who are aware of the subject.
There will be no Tiktok sale to North -American investors, a movement needed to make up a United States law that prohibits the Opery application nationally, until Chinese President Xi Jinping hopes that he has extracted as much as he can in terms of a trade agreement favorable to the White House, add these people.
“Trump does not yet have a seller,” is like a person involved in conversations described the situation.
The problem, said the source, is that “XI is not a show” to put Tiktok’s front and center in broader commercial conversations, at least so far.
That is why the bankers and investors involved in the Tiktok offer that keep the tabs in the commercial machinations were more than a bit perplexed when Trump, who appeared in Fox News on Sunday, said: “We have a Tiktok buyer … I will tell you in two weeks.”
He added that China “probably” will allow the sale to “very, very rich people. It’s a group of rich people.”
Having “very rich people” ready to intensify and buy Tiktok is not new.
In April, a group of rich investors and technology honors were ready to offer with the Chinese to buy the US -based operations until Trump launched a trade war against Beijing, hitting China with 145% of imported goods.
Since then, this number has been reduced, as both parties negotiate other commercial issues as part of a broader agreement.
As for buyers, this person said that the Oracle technology giant, co-founded by Trump Pal Larry Ellison, the previous group of investors, or a combination of both would be interested in taking a control participation in Tiktok’s US operations and preventing it.
In 2024, a bipartisan group of North -American legislators, fearing that the Chinese use Tiktok to spy on North -American citizens, approved the legislation, signed by former President Biden, that the company would stop working in North -American application shops unless the Chinese left control of the platform.
The ban was to enter into force on January 19, the day before the Trump inauguration.
Trump wanted Tiktok to ban, but became a fan after the 2024 election, where he believed that the pro-trump points in the application helped him to win the younger voters, who represent most Tiktok users.
He has been looking for a solution since he returned to the White House, broadcasting a series of executive orders to prevent the ban from entering in force despite prominent Republicans, arguing that the law is still being shot by Trump’s delay tactics and even the last iteration.
Under the terms of the last negotiated agreement, the Chinese wanted a minority participation in the new company controlled by the United States investor and the continuous property of the Tiktok crown jewel: its technology, the algorithm that increases the videos based on users’ preferences, which the legislators claim to be used to spy on the US citizens.
The Chinese have long denied the matter of espionage, but North -American legislators are still concerned that the majority control of the United States does not yet provide enough protection against Spycraft.
This is one of the reasons why it took so long to elaborate a structure that satisfies all the competitor constituencies, and why even after finding a buyer who appeals to the seller, Tiktok could still be banned in the coming months, unless Trump issued another extension after the current expires in mid -September.
#China #Tiktok #pawn #squeeze #Trump #commercial #conversations #sources
Image Source : nypost.com