US President Trump could lower taxes for China to help finalize a deal for TikTok.
The news was shared during a press conference yesterday, where Trump shed light on some measures that might be taken to assist China in making a deal with the US. This obviously involves giving partial ownership of TikTok operations to the country.
Trump hoped China could play its part in the deal after announcing such incentives to get things moving in the right direction. Many are aware of how big a platform TikTok is, so slightly reducing taxes would certainly be on the cards.
Trump shocked many people by rolling out an executive order in January to delay the deadline for TikTok’s ban. The extension is now until April 5th, but the agreement involves ByteDance selling 50% shares to America.
There’s a high chance the deadline is extended further as Trump feels the only way out is a deal for it to exist in the US. At the start of this month, Vice President JD Vance shared how confident he was about such a deal taking place by April, but so far, no luck.
The Vice President explained how agreements on a high level would be made to determine the app’s future, which satisfies concerns of national security. This includes the uprising of a US-based TikTok enterprise.
Read next: New Study Explores Noninvasive Glucose Monitoring, Bringing Diabetes Care a Step Closer to Innovation
The news was shared during a press conference yesterday, where Trump shed light on some measures that might be taken to assist China in making a deal with the US. This obviously involves giving partial ownership of TikTok operations to the country.
Trump hoped China could play its part in the deal after announcing such incentives to get things moving in the right direction. Many are aware of how big a platform TikTok is, so slightly reducing taxes would certainly be on the cards.
Trump shocked many people by rolling out an executive order in January to delay the deadline for TikTok’s ban. The extension is now until April 5th, but the agreement involves ByteDance selling 50% shares to America.
There’s a high chance the deadline is extended further as Trump feels the only way out is a deal for it to exist in the US. At the start of this month, Vice President JD Vance shared how confident he was about such a deal taking place by April, but so far, no luck.
The Vice President explained how agreements on a high level would be made to determine the app’s future, which satisfies concerns of national security. This includes the uprising of a US-based TikTok enterprise.
Read next: New Study Explores Noninvasive Glucose Monitoring, Bringing Diabetes Care a Step Closer to Innovation
