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Trump says any TikTok deal would not mirror Nippon-US Steel
Economic Times
·
2m ago
Medial
President Donald Trump stated that any agreement to prevent TikTok from being banned in the U.S. would differ from the anticipated deal between Japan's Nippon Steel and U.S. Steel. He mentioned that China would need to approve any TikTok deal. Trump made these remarks to reporters while in the Oval Office, highlighting that the circumstances surrounding the deal would be unique and not a replication of past international agreements.
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Japan's Nippon Steel to acquire US Steel for $14.9 billion
Livemint
·
1y ago
Medial
Japan's Nippon Steel has won the bid to acquire US Steel for $14.9 billion in cash, beating out rivals Cleveland-Cliffs and ArcelorMittal. The deal represents a significant premium of 142% over US Steel's last trading day before the bid by Cleveland-Cliffs. The acquisition will allow Nippon Steel to expand its production in the United States, where steel prices are expected to rise due to increased automotive production. The deal is expected to close in the second or third quarter of 2024, pending regulatory approvals.
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Donald Trump calls TikTok a threat but says some kids could 'go crazy' without it
Economic Times
·
1y ago
Medial
US presidential candidate Donald Trump claimed that a ban on TikTok would only benefit Facebook, which he has criticized in the past. Lawmakers are considering a bill that would give TikTok's Chinese owner, ByteDance, six months to divest from the app. TikTok, in a letter to Congress, emphasized that it is not controlled by the Chinese government and argued that a sale would jeopardize its efforts to protect US data. The FBI and other departments held a briefing to discuss concerns about the app. Trump also mentioned a meeting with an investor who has a stake in ByteDance.
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Trump Signals Willingness to Delay TikTok Ban Deadline Amid US-China Tariff Dispute
OutlookIndia
·
2m ago
Medial
US President Donald Trump is considering extending the deadline for ByteDance to divest TikTok’s US assets, amid US-China tariff disputes. Trump postponed a TikTok ban twice, valuing its connection with young voters, and expressed interest in protecting the app. A potential US-based deal is hindered by China's non-approval, relating to reciprocal tariffs. TikTok denies allegations of security threats or manipulation, asserting its independence from any governmental influence, including China.
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TikTok a US security threat, says Trump, similar to Facebook -CNBC
Reuters
·
1y ago
Medial
Republican presidential candidate, Donald Trump, has described the popular short video app TikTok as a national security threat but likened it to other social media platforms such as Facebook. Lawmakers are considering a bill that would give TikTok's owner, ByteDance, six months to divest the app. The US House of Representatives is expected to vote on the legislation this week. Trump claimed that banning TikTok would benefit Facebook, a platform he has criticized in the past. President Joe Biden has indicated he would sign the bill once it is approved. TikTok argues that the proposed legislation effectively amounts to a ban.
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Trump says 'must have time' to decide on TikTok ban
Economic Times
·
6m ago
Medial
Incoming US President Donald Trump stated that the Supreme Court's decision to uphold a congressional ban on TikTok should be respected. However, he emphasized the need for time to decide on enforcing the ruling. Trump mentioned that his decision regarding TikTok would be made soon, but he requires time to thoroughly review the situation. He communicated this through his social media platform, Truth Social, asking people to stay tuned for his final decision.
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Trump says US will start talks with China on TikTok deal this week - The Economic Times
Economic Times
·
1m ago
Medial
U.S. President Donald Trump announced plans to start talks with China regarding a potential TikTok deal. He mentioned discussions would likely begin on Monday or Tuesday, potentially involving President Xi or his representatives. The U.S. had extended the deadline for ByteDance, TikTok's parent company, to divest its U.S. assets. A previous deal to establish a new U.S.-based entity was stalled after China objected, necessitating new negotiations. Trump expressed cautious optimism about reaching an agreement.
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Trump says without TikTok, 'Facebook and Zuckerschmuck will double their business'
Business Insider
·
1y ago
Medial
Former President Donald Trump has expressed concern over the potential ban of TikTok in the US. He believes that eliminating the app could strengthen Facebook and its CEO, Mark Zuckerberg. Trump's comments come after TikTok users launched a campaign against a proposed bill that would ban the app or require its sale to a non-Chinese company. The White House supports the bill, which aligns with Trump's previous stance on TikTok. Trump has a history of feuding with Zuckerberg, calling him a "criminal" and accusing him of interfering in elections.
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Trump says all BRICS nations, including India, to face additional 10% tariff
Economic Times
·
1m ago
Medial
U.S. President Donald Trump announced that BRICS nations, including India, would face an additional 10% tariff, accusing the bloc of trying to undermine the U.S. dollar. Trump stated that India would not be exempted from the tariffs as a part of BRICS. Though the tariff threat isn't immediate, it would be enacted if any BRICS country takes actions deemed "anti-American." Trump added he doesn't see BRICS as a real threat to America.
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TikTok a US security threat, says Trump, similar to Facebook
Economic Times
·
1y ago
Medial
Republican presidential candidate Donald Trump expressed his concerns about TikTok as a national security threat, comparing it to other social media platforms like Meta's Facebook. Lawmakers are considering a bill that would require TikTok's owner, ByteDance, to divest the app within six months. The U.S. House of Representatives will vote on the legislation this week. Trump also criticized Facebook, stating that a ban on TikTok would benefit the company. TikTok argues that the bill essentially amounts to a ban and raises concerns about infringements on free expression. It remains uncertain if China would approve a sale or if TikTok could be divested within the given timeframe.
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Donald Trump's US tariffs may impact India’s GDP by 0.1-0.6%: Goldman Sachs
Business Today
·
5m ago
Medial
Goldman Sachs suggests India's GDP could decrease by 0.1 to 0.6 percentage points if the US, under President Trump's administration, raises tariffs on all US imports to align with the tariff differential between India and the US. President Trump emphasized a new trade policy prioritizing fairness and reciprocity, indicating the US would implement reciprocal tariffs to mirror the tariffs other countries impose on American goods, potentially impacting global trade dynamics.
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