In a second blow to the US in two days, China reportedly paused an impending deal with the US over the ownership of short-video sharing app TikTok. China’s decision followed Donald Trump’s move to impose reciprocal tariffs on trade partners, including China. Trump levied 34% tariffs on Chinese imports, with Beijing retaliating by levying the same amount on US imports. The ownership of TikTok has been a contentious issue in the US, as the Congress has called for it to be banned unless the company divests from its Chinese parent company. Watch the video for full details.
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