The long-running TikTok saga could reach its conclusion this week as US and Chinese leaders prepare to finalize a deal transferring control to American investors. The agreement would preserve TikTok’s operations while addressing national security concerns.
The United States is reportedly weighing restrictions on software exports to China in response to Beijing’s rare-earth controls. Treasury Secretary Scott Bessent confirmed that “everything is on the table” regarding potential trade measures.
The United States is considering imposing export controls on software-related products to China, according to reports from Reuters. The potential measures come in response to Beijing’s recent implementation of sweeping rare-earth export restrictions, escalating trade tensions between the world’s two largest economies.
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