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  • 11 months ago
The U.S. is pressing ahead with a potential ban on TikTok unless China agrees to divest ownership without demanding tariff and tech concessions, according to Reuters. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said China sought trade and technology concessions in exchange for agreeing to divest from TikTok. Bessent called the demands aggressive and stressed the U.S. would not compromise national security over the app. The talks mark the fourth round of U.S.-China negotiations in four months, amid wider disputes over tariffs, rare earth exports, and chip restrictions. China criticized U.S. demands as coercive and accused Washington of undermining global trade stability.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. is pressing ahead with a potential ban on TikTok unless China agrees to divest
00:06ownership without demanding tariff and tech concessions, and according to Reuters,
00:10U.S. Treasury Secretary Scott Besson and Trade Representative Jameson Greer
00:14said China sought trade and technology concessions in exchange for agreeing to divest with TikTok.
00:19Besson called the demands aggressive and stressed the U.S. would not compromise national security
00:23over the app. Talk marks the fourth round of U.S.-China negotiations in four months,
00:28amid wider disputes over tariffs, rare earth exports, and chip restrictions. China
00:33criticized U.S. demands as coercive and accused Washington of undermining global trade stability.
00:38For all things money, visit Benzinga.com.
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