Technology AI, Science and New Things
Donald Trump has floated easing tariffs on China in exchange for Beijing’s approval of the sale of TikTok to a US buyer.
The app could be shut down across the US on 5 April if an agreement isn’t reached with TikTok’s parent company, Bytedance.
Three days before that, Trump plans to launch what he calls reciprocal tariffs on China. In the course of negotiations over TikTok’s multibillion dollar sale, the White House has played the unprecedented role of investment bank.
According to Reuters, Vice President Vance’s lead counsel, Sean Cooksey, is the main contact for bidders, providing feedback and suggesting adjustments to their offers.
Speculation about who has bid is rife and names being mentioned include: the youtuber Mr Beast, billionaires Frank McCourt and Larry Ellison, the former Trump treasury secretary Steve Mnuchin and the tech entrepreneur Jesse Tinsley.
