Third-party analysis of the deal, which looks now like it is going to happen with a compromise. Actually, it looks like a win-win even if ByteDance did get mugged, which also hurt America's reputation as open for business. But in the end, the pie will most likely grow much bigger with US backing and global expansion guaranteed.Conversely, in US politics neither side is willing to compromise, so the system seems to be headed for gridlock, showing again that politics is not like business.India PunchlineTikTok, Sing a Song of Sixpence, A pocket Full of Rye, Four and Twenty Blackbirds Baked in an American Pie M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServicealsoZero HedgeTrump 'Blesses' Deal Valuing TikTok At Billion As ByteDance Keeps 'Secret Sauce' Tyler
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Third-party analysis of the deal, which looks now like it is going to happen with a compromise. Actually, it looks like a win-win even if ByteDance did get mugged, which also hurt America's reputation as open for business. But in the end, the pie will most likely grow much bigger with US backing and global expansion guaranteed.
Conversely, in US politics neither side is willing to compromise, so the system seems to be headed for gridlock, showing again that politics is not like business.
India Punchline
TikTok, Sing a Song of Sixpence, A pocket Full of Rye, Four and Twenty Blackbirds Baked in an American Pie
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service
also
Zero Hedge
Trump 'Blesses' Deal Valuing TikTok At $60 Billion As ByteDance Keeps 'Secret Sauce'
Tyler Durden
also
The Money Illusion
A $5 billion campaign donation to Trump
Scott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University