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The US will go ahead with a ban on short-video app TikTok if China won’t drop demands for reducing tariffs and technological restrictions as part of a divestiture deal, a senior US official with knowledge of negotiations said on Monday.
US and China delegations are discussing the divestment from TikTok by Chinese owner Bytedance as part of a round of broader talks on tariffs and economic policy taking place in Madrid. TikTok faces being shut down as early as September 17 in the US unless it moves to US ownership.
The Chinese delegation came to the…
