Donald Trump extends Tiktok Lifeheline in the middle of the growing commercial war with China
Directly, the president said that the administration was “very close to an agreement with an excellent group of people” and has entertained the idea that Tiktok’s sale could be used as a bargaining chip in tariff negotiations.
In 2020, Trump was a supporter of banning Tiktok, but he changed his position during the campaign for a return to the Presidency after being able to attract attention to the app, in particular by the younger voters who considered less likely to present themselves to the polls.
But the sales legislation or sales bench approved by Congress last year is standing. The executive order of Trump, in fact, directs his lawyer General not to enforce the law for another 75 days.
Tiktok has over 1 billion of active users all over the world and about 170 million users registered in the United States. His US revenue reached $ 10 billion ($ 16 billion) last year.
According to reports, the companies interested in the offers for the app include Amazon, perplexity Ai and Zoop, a startup created by Solofans The founder Tim Stokely. Trump initially said he would like the United States government to have a 50 % participation in any joint venture.
The US markets fell again on Friday (Saturday Aedt) while the repercussions of the so -called mutual rates of Trump have continued to take place and the earnings of global interruption have grown.
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The White House celebrated a strong employment relationship in March which saw the addition of 228,000 jobs, exceeding the expectations of the market and the announcements that several car markers would have maintained or added to the US production following the rates.
But it was not enough to stop yet another chancellor of the market, with the main US indices that fell another 5 %. Nasdaq was ready to enter a bears market, down more than 20 % from maximum December.
The President of the Federal Reserve of the United States Jerome Powell said that the rates announced by Trump this week went beyond expected and would probably cause at least a temporary increase in inflation, although he warned that the effects could be persistent.
“Although the uncertainty remains high, it is now becoming clear that the tariff increases will be significantly greater than expected, and the same is likely that it is true for the economic effects, which will include greater inflation and slower growth,” he told the Society for the progress of editing and writing of companies in Arlington, Virginia.
“The size and duration of these effects remain uncertain … our obligation is to maintain the most long -term inflation expectations well anchored and make sure that a one -off price increase does not become a problem of inflation in progress.”
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