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Cryptopolitan on MSNXi Jinping urges global CEOs to invest in China amid US trade tensionsChinese President Xi Jinping met with more than 40 top global executives in Beijing on Friday and told them directly to put their money in China, while trade pressure from the United States kept climbing.
Chinese tech giant ByteDance has roughly two weeks to save its video app TikTok from a renewed US ban — and there are signs cloud computing giant Oracle may play a prominent role.
Five years after Xi Jinping struck his first trade deal with Donald Trump, US officials are set to deliver their view of Beijing’s compliance with that bargain, in a high-stakes week likely to fan tensions.
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Cryptopolitan on MSNSome republicans aren’t in favor of TikTok dealUS House Republicans are standing against any TikTok deal that would allow Chinese owner ByteDance to maintain a stake in the app. TikTok faces a forced sale or a nationwide ban if a deal is not finalized by the April 5 deadline.
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U.S. President Donald Trump has raised tariffs by 20% on China since January over its alleged role in the U.S. fentanyl crisis, and threatened a swath of new tariffs.
The law passed by Congress last year gave TikTok’s China-bases parent company ByteDance until Jan. 19 to divest from TikTok or be cut off from U.S. app stores and hosting services. TikTok said a sale wasn’t possible and challenged the law in court, but it was rejected by a unanimous Supreme Court on Friday.