President Donald Trump is seeking a U.S. investor to acquire a major stake in ByteDance’s TikTok, amidst legal challenges and obstacles facing potential buyers. Trump has proposed the American buyer to then sell a 50% stake to the U.S. government, allowing for joint management of the app. The search for a buyer is ongoing, with various parties vying to take over one of the most popular apps in the U.S.
Full Article
Deal gets US-China trade truce back on track: Trump
SummaryA deal to revive the fragile truce in the US-China trade war has been reached, as announced by US President Donald Trump following extensive negotiations in London. The agreement includes a framework for tariff rates, removing Chinese export restrictions on rare earth minerals, and allowing Chinese students access to US universities, but it is subject to final approval by both leaders. The established tariffs will see the US imposing a 55% rate on Chinese imports,...
Read more