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China backed out of TikTok deal

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The New York Times |
The standstill highlights how the video app is mired in a geopolitical tussle between the United States and China over trade and tech supremacy.
Reuters |
Senator Mark Warner also said the reported likely deal under consideration would not meet legal requirements for eliminating ByteDance’s influence over TikTok’s U.S. operations under a 2024 law.

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