TikTok is preparing a new version of its application called M2 for users in the United States, which is related to the potential sale of its operations to American investors.
New M2 App Version
TikTok is developing a new version of its application named M2 for users in the United States. The app is expected to be available in app stores by September 5. TikTok users will need to download the new app to continue using the service, though the current app will remain functional until March of next year.
Negotiations with China and TikTok Sale
Negotiations for the sale of TikTok in the US began following President Donald Trump's statement that he expects to discuss matters with China. The deal was suspended after new tariffs on Chinese goods were introduced, affecting the possibility of finalizing the agreement. Trump stated that his relationship with President Xi is strong, and he hopes for positive outcomes.
US-China Trade Agreements
Deadlines for some US trading partners are expiring before the planned tariff increase set to begin on August 1. Recently, the US has relaxed export controls on China, which may lead to improved trade relations. This coincides with growing expectations regarding the successful conclusion of the TikTok sale agreement in the US.
The launch of the new TikTok M2 app and negotiations with China highlight the current uncertainty in international trade and the impact of tariffs on technology companies.
