0311
Diamond Member
Beijing’s extraordinary move last week to walk away from the White House’s TikTok deal as leverage in an escalating trade war defies the norms of economic negotiations — but follows President Donald Trump’s own trade playbook.
The White House last week had finalized a pact to spin the popular video app’s U.S. operations into a new company owned and operated by a majority made up of American investors, according to two people familiar with the deal granted anonymity to speak candidly. The deal was set to be announced just days before a Saturday deadline mandating the app’s Beijing-based owner, ByteDance, sell to a majority of non-Chinese companies, or TikTok would go dark in the United States.
Then it fell apart.
Trump thinks he can play his brand of hardball with Communist China. It ain't working. China is NOT afraid of him. With Europe dumping U.S. Treasury Bonds Trump has brought this country to brink financial disaster. He is only person for current economic problems our nation is facing. China fights back, Trump needs to remember.
The White House last week had finalized a pact to spin the popular video app’s U.S. operations into a new company owned and operated by a majority made up of American investors, according to two people familiar with the deal granted anonymity to speak candidly. The deal was set to be announced just days before a Saturday deadline mandating the app’s Beijing-based owner, ByteDance, sell to a majority of non-Chinese companies, or TikTok would go dark in the United States.
Then it fell apart.
Trump thinks he can play his brand of hardball with Communist China. It ain't working. China is NOT afraid of him. With Europe dumping U.S. Treasury Bonds Trump has brought this country to brink financial disaster. He is only person for current economic problems our nation is facing. China fights back, Trump needs to remember.