Trump pousse un plan de coentreprise pour TikTok tandis que Pékin reste silencieux

L'ancien président américain relance le débat sur l'avenir de TikTok avec une proposition de coentreprise - mais la Chine garde un silence radio.

Stratégie géopolitique

Trump défend une solution qui permettrait à TikTok de continuer à opérer aux États-Unis tout en répondant aux préoccupations de sécurité nationale. Une manœuvre qui sent bon le compromis à l'américaine - avec un zeste de protectionnisme numérique.

Pékin joue la montre

L'absence de réaction officielle chinoise parle plus fort que les déclarations. Un calcul risqué dans un jeu où les plateformes tech valent désormais plus que le PIB de certains pays - quand elles ne sont pas utilisées comme armes géoéconomiques.

Les investisseurs observent

Le marché surveille chaque développement, conscient qu'une résolution pourrait créer un précédent pour toutes les tech companies chinoises visant l'Occident. Parce que dans la finance, on adore les incertitudes qui font bouger les cours - surtout quand ce sont les politiciens qui créent la volatilité.

Trump pushes joint-venture plan while Beijing stays silent

Trump’s new executive order laid out plans to create a joint-venture company that would take over TikTok’s U.S. business, including its data and algorithm. ByteDance, the China-based parent company of TikTok, would keep less than 20% ownership in the new firm.

That structure was designed to meet U.S. national security law requirements. The law says ByteDance must give up control or face a ban in the country.

On Friday, Chinese outlet LastPost reported that TikTok’s U.S. operations would actually be split into two separate companies. One would be the joint-venture company with majority American ownership.

The other would be a separate ByteDance-run U.S. entity focusing on e-commerce, brand partnerships, and relationships with TikTok’s overseas markets.

Trump’s order is the latest in a back-and-forth that’s been dragging on for years. The pressure on TikTok began under Joe Biden, who signed the law requiring ByteDance to divest or shut down TikTok in the U.S.

But since returning to the White House, trump has taken over negotiations and extended the deadline multiple times. He’s insisted he wants a deal and has said on several occasions that TikTok helped him win the 2024 election.

Xi offers vague statement while ByteDance profit terms emerge

Earlier this month, Trump had a nearly two-hour call with Xi. After the call, Trump claimed Xi had signed off on a new TikTok proposal. However, the official statement from Beijing didn’t exactly say that.

Xi was quoted as saying that China “would be happy to see productive commercial negotiations in keeping with market rules” and that any resolution should “comply with China’s laws and regulations” while also protecting “the interests of both sides.”

He also urged the U.S. to stop using “unilateral trade restrictions” and to allow “a fair and non-discriminatory environment for Chinese investors.”

So far, China hasn’t officially said yes or no. Analysts who spoke to CNBC said Beijing has little to no motivation to greenlight ByteDance’s divestment. Trump may have announced a deal, but unless China signs off, nothing is final.

Meanwhile, ByteDance is expected to still walk away with a huge financial stake. PEOPLE familiar with the terms say ByteDance will receive a licensing fee for providing its algorithm to the new U.S.

TikTok company, along with a profit share based on its ownership. That adds up to roughly 50% or more of TikTok’s U.S. earnings still going to the Beijing parent company.

The arrangement could raise new legal issues in the U.S. If the financial setup doesn’t match what’s allowed under the sale-or-ban law backed by the Supreme Court earlier this year, it could face serious pushback.

Vice President JD Vance made things more confusing last Thursday when he told reporters the TikTok deal would likely close for $14 billion. That’s way below Wall Street expectations, where analysts had pegged the sale price between $35 and $40 billion, as Cryptopolitan reported.

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