Trump offers Tikok support, China is dissatisfied
Trump offers Tikok support, China is dissatisfied
For many of the 170 million Tikok users in the United States, President Donald Trump's step was to delay a planned ban on the popular social media platform for an indefinite period. Nevertheless, the reaction in China, the home country of Tikk's parent company, was less positive, since Trump indicated that the company could be forced to cede 50 % of its shares in order to avert a closure. He also promised that customs duties on Chinese goods could depend on Beijings to a possible future deal.
China's answer to Trump's guidelines
When asked about Trump's vision for the future of Tikok, China's Ministry of Foreign Affairs said that the “operation and takeover of companies” should be regulated by companies themselves and in accordance with Chinese law. Spokesman Guo Jiakun emphasized that the United States should hear reason and have to create an open, fair, fair and non-discriminatory business environment for companies from all countries.
hours after his inauguration, Trump signed a decree that delayed the implementation of a controversial law by 75 days. This law provides for a ban from Tikkok in the United States, unless the company sells to a buyer from America or one of its allies. This delay is intended to help the Trump administration to determine a reasonable course that protects national security without abruptly switching off the platform.
reactions from China
on the social media of China, where Tikkok's fate seems part of a series of attempts in the United States to slow Beijing's technological progress, Trump's suggestions were taken with contempt. Millions of users of the Weibo platform resorted to hashtags in connection with the possible 50-50 ownership. Many criticized the “raids” of the US government.
A comment that received several thousand likes was: "Apple and Tesla should also hand in 50 % of their shares in Chinese companies." Among other things, further votes called for a 50%check via Nvidia, while others emphasized that China would not force Bytedance to surrender. This indicates that Trump's proposals in China are seen as a sign of weakness.
The developments related to Tikok
Despite the uncertainty about Tikok's fate, both the USA and China seem to show interest in a dialogue while the new administration begins to work. In a telephone conversation with Trump, China's President Xi Jinping called for a “new starting point” in the US Chinese relationships and emphasized the “comprehensive common interests” of both countries.
Trump also held back on Monday to raise tariffs to Chinese goods, although he threatened to increase the tariffs to Chinese imports to the United States to over 60 % during his election campaign.
tariffs and future negotiations
Trump suggested that tariffs could possibly be connected to the fate of Tiktok. In his statements in the Oval Office, Trump put in the room of imposing tariffs of up to 100 % to China if Beijing should not agree with a future possible deal. He also commented on the legal powers of China to block a sale of TikTok by pointing out the need for technology exports.
Elon Musk, CEO of Tesla, also participated in the discussion about the future of Tikkok and expressed the “need for changes”. Musk explained that he was against a ban on Tikkok because it restricts freedom of speech. However, he pointed out that the current situation in the Tikok in America is allowed to operate, but not x (the social network he owns) in China.
Developments related to Tikok and the discussions about tariffs are still in flow, and the effects will shape relationships between the USA and China.