Trump says Chinese president approves TikTok deal
President Trump signed an executive order that paves the way for a deal brokered by his administration to keep TikTok operating in the U.S.
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President Trump signed an executive order that paves the way for a deal brokered by his administration to keep TikTok operating in the U.S.
Densely populated Hong Kong is being slammed by its most powerful storm in years, with Super Typhoon Ragasa packing hurricane-force winds and a dangerous storm surge.
TikTok's algorithm is the "secret sauce" behind the app's success, experts say. U.S.-China talks over the app's ownership must resolve who controls the technology.
"We have a framework for a TikTok deal," Treasury Secretary Scott Bessent said after talks with Chinese officials in Spain.
It comes after President Donald Trump posted on social media, "A deal was also reached on a 'certain' company that young people in our country very much wanted to save.' But the Trump administration is not offering any specifics.
TikTok would be removed from American app stores effective Wednesday as a result of bipartisan legislation that former President Joe Biden signed last year, but negotiators from the U.S. and China are working to prevent it.
Officials say a steel cable snapped, causing a massive support structure to fall into the Yellow River.
President Trump officially began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his months-long tariffs threats begins to create visible damage to the U.S. economy.
In China, Luckin Coffee is so popular that it overtook Starbucks. The chain has now opened its first two locations in New York City.
Their loss could allow the U.S. to turn its full attention to China, according to an official briefed on the talks.
Firefighters rescued the girl from under a street in Guizhou, A southern province of China.
Officials said the cat was dehydrated when the ship arrived in Minnesota, but is now recovering at a local humane society.
U.S. and Chinese trade teams appeared to make modest progress a month before paused monster tariffs are due to resume, but Trump says a deal "is done."
The company has nine days left to find a buyer.
This comes as the European Union and Canada promise retaliatory tariffs if the president follows through on a threat made late last week.
China said Monday that the Trump administration is undermining the temporary May 12 trade agreement between the two nations by issuing AI chip export control guidelines, stopping the sale of chip design software to China and by planning to revoke Chinese student visas.
Foot Locker is the second major U.S. shoe company to be acquired in recent weeks as tariffs hit footwear industry.
No Illinois industry does more business with China than the agricultural sector.
While a tariff truce between the U.S. and China is welcome news for many, farmers in McHenry County are not so sure. Political Reporter Chris Tye reports.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
No Illinois industry does more business with China than the agricultural sector, and farmers have been worried about the hit they could take with tariffs. Political Reporter Chris Tye reports.
The U.S. has agreed to drop its 145% tariff rate on Chinese goods down to 30%.
China has agreed to lower its rate on US goods by about the same percentage points to 10%. The U.S. and China are committing to a 90-day suspension of most levies imposed since early April.
Its not clear what exactly happens after the 90 days are over but it's likely a more long term deal will be made now that there is a plan in place to continue discussions in resolving the trade war.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
