President Trump on Wednesday floated reducing tariffs on China to get a TikTok divestiture deal done as the April 5 deadline nears.
“With respect to TikTok, and China is going to have to play a role in that, possibly in the form of an approval, maybe, and I think they’ll do that,” Trump told reporters in the Oval Office on Wednesday. “Maybe I’ll give them a little reduction in tariffs or something to get it done.”
The remarks followed Trump’s announcement that he is imposing a 25 percent tariff on foreign-made vehicle imports amid his larger trade war against other nations.
Trump’s 10 percent tariff on imports from China took effect last month, and he increased the tariff amount by another 20 percent earlier this month.
The president’s suggestion comes less than two weeks ahead of the April 5 deadline requiring TikTok’s China-based parent company ByteDance to divest from the U.S. arm of the application amid national security concerns.
Trump reiterated on Wednesday that he is willing to extend the deadline if the deal is not hammered out by next week.
Posted by John3262005
3 Comments
> Oracle is also a leading contender to help run TikTok, multiple media outlets reported this month
There are very few people in the world I trust less than the CCP to have their hands on TikTok and its algorithm.
Larry Ellison is one of them.
I’m skeptical, but that’s honestly not the worst idea the administration has had.
“Please help us save costs by selling us your company”