r/investing • u/MolassesCalm4876 • 1d ago

TikTok deal put on hold after China objects over tariffs, sources say

WASHINGTON/BEIJING, April 4 (Reuters) - A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump's tariffs announcement this week, according to two sources familiar with the matter.

Trump on Friday extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular short video app to a non-Chinese buyer, or face a ban that was supposed to have taken effect in January under a 2024 law.

https://www.reuters.com/markets/deals/trump-tiktok-sale-deadline-looms-us-looks-deal-2025-04-04

75 Upvotes

96% Upvoted

6 comments sorted by

46

u/AMollenhauer 1d ago

They know the tariffs hurt the US more than themselves

23

u/cookingboy 1d ago

If it’s a 1 on 1 trade war between the U.S and China, then China will suffer more in the short run, even though I would argue they have higher pain tolerance.

But this isn’t a 1 on 1 trade war, it’s U.S vs. rest of the world, so U.S will suffer far more than any individual country would.

With China leading the charge in punching back, if a few other major economic powers join the foray, it would be easy to see that U.S wont have enough leverage against the rest of the world combined.

The problem is that narcissists in these situations tend to double down, especially if there is no one to stop them and they have little to lose themselves.

2

u/Normal-Meringue7592 10h ago

China’s trade to the US is only 3% of gdp. They will be fine and they won’t back down. If US increases Tariffs, china will do so as well.

China is in a much better position. And I am not a big fan of china.

-7

u/SuperNewk 8h ago

China has been on the verge of a collapse for decades. Listen to the guys advising trump, they know it’s almost their time. China legit could have stopped covid but didn’t. This time its payback and will dismantle their economy

1

u/[deleted] 22h ago

[removed] — view removed comment

2

u/AutoModerator 22h ago

Your submission was automatically removed because it contains a keyword not suitable for /r/investing. Common words prevalent on meme subreddits, hate language, or derogatory political nicknames are not appropriate here. I am a bot and sometimes not the smartest so if you feel your comment was removed in error please message the moderators.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.