United States
2 developments across 2 briefings for this place.
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- China, United States
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- Strategic competition
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The legislation would require ByteDance to sell TikTok to a non-Chinese owner or shut the application down in the United States. Shareholder resistance to divestment makes a ban likely.
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Foreign-aid package includes TikTok divestment requirement
The legislation would require ByteDance to sell TikTok to a non-Chinese owner or shut the application down in the United States. Shareholder resistance to divestment makes a ban likely.
Open source reportChronology
Development timeline
Foreign-aid package includes TikTok divestment requirement
The Senate's foreign aid package for Ukraine, Israel, and Taiwan also included a provision obligating ByteDance... to sell the app to a non-Chinese owner or shut it down in the U.S.
The legislation would require ByteDance to sell TikTok to a non-Chinese owner or shut the application down in the United States. Shareholder resistance to divestment makes a ban likely.
Open source reportBiden planning higher tariffs on Chinese steel
Pres. Biden plans to announce a tripling in tariffs for Chinese steel imports, which are currently set at 7.5%.
President Joe Biden planned to triple the tariff on Chinese steel imports from 7.5%.
Open source report