China, US explore TikTok deal amid easing tensions
China, US explore TikTok deal amid easing tensions

China, US explore TikTok deal amid easing tensions

News summary

As negotiations for the potential sale of TikTok heat up, President Trump has given the platform a 75-day grace period to find a buyer, following a law that would have banned it in the U.S. The Chinese government appears to be softening its previous opposition to a sale, with officials now suggesting that companies should make decisions based on market principles. Trump has proposed a joint venture model where the U.S. could hold a 50% stake in TikTok, a move that could reshape the operational landscape for Chinese companies in the U.S. Furthermore, TikTok's parent company, ByteDance, is reportedly open to talks with American investors, signaling a shift in the dynamics of U.S.-China trade relations. Analysts believe that both sides are motivated to reach a deal, given the implications for broader negotiations between the two nations. This evolving situation indicates a potential thaw in the tense atmosphere surrounding TikTok's future in the U.S.

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