Henrik R
China Hits Back at Trump Over New Tariffs.
Beijing abruptly pulls out of the long-anticipated TikTok deal with the U.S., just hours before it was set to be signed.
TikTok Agreement Canceled at the Last Minute
The deal was expected to launch an American version of TikTok — but after months of negotiations, China walked away, Bloomberg reports.
Furious Over Tariffs
Chinese officials are reportedly outraged over new tariffs announced by Trump earlier in the week — as high as 54% on certain Chinese goods.
A Retaliation Move Against the U.S.
China’s decision to abandon the TikTok deal is seen as a direct act of retaliation in response to Washington’s aggressive trade measures.
Trump Delays TikTok Ban — Again
In response, Donald Trump has announced a 75-day delay on the U.S. TikTok ban, hoping to keep the door open for a potential new deal.
“We’ve Made Tremendous Progress”
“My administration has worked very hard to save TikTok,” Trump said on Truth Social. “We’ve made tremendous progress, but more work is needed.”
Executive Order Extends Deadline
Trump signed an executive order giving TikTok 75 more days to operate in the U.S. while negotiations continue.
Trade War Tensions Rise
Despite hopes for cooperation, the trade war between the U.S. and China continues to escalate, with tariffs and tech at the center of the conflict.
Trump: “Tariffs Are Working Exactly As Intended”
Trump acknowledged China’s frustration, calling it proof that tariffs are “the most powerful economic tool” for national security.
Still Hope for a Deal?
Despite the breakdown, Trump says he hopes to keep working “in good faith” with China and TikTok to finalize an agreement.