TikTok to die? Xi Jinping flexes muscles, takes a hard-line approach, and wants popular social media platform's U.S. operations to die rather than approving a sale
TikTok's future in the US remains uncertain as the Chinese government, led by Xi Jinping, took a hard-line approach, preferring to allow the app's US operations to die than give approval for a sale, as per a report.
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Although US president Donald Trump has attempted to broker a deal to sell the app to an American bidder, Beijing has not shown any will to accommodate, instead, it proposed a “grand deal” with the Trump administration that includes larger concessions on trade and tech policy.
Save TikTok
China's resistance to TikTok's sale will undermine efforts made by Trump, who has vowed to “save TikTok” by suspending enforcement of a law forcing a sale or a ban of the app while he negotiates divestment, reported The Washington Post.
Last year, President Biden signed a law aimed at addressing national security concerns over TikTok’s Chinese parent company, ByteDance. On Trump's first day in office, he issued an executive order to delay the enforcement of the law for 75 days to explore alternative solutions instead of a full ban.
Trump has positioned himself as the key dealmaker, as per reports. He also claimed last month that many “very substantial people” had expressed to him “great interest” in buying the app and that he would decide on a buyer within 30 days, as per reports.
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