For many of America’s 170 million TikTok users, US President Donald Trump’s move to delay a legal ban of the popular social media platform was cause for celebration. But in China, where TikTok’s parent company is based,

TikTok awaited an executive order granting it more time to strike a deal after President Donald Trump returned to power on Monday, as China signaled it would be open to a transaction to keep the app in the U.

The President, who has suggested that the U.S. take on 50 percent ownership of TikTok, hinted that potential tariffs on China will be closely linked to whether such a joint venture is approved. “If China didn’t approve it,