Trump floats tariff reduction if China agrees to TikTok deal
President Donald Trump said Wednesday evening he might give China “a little reduction in tariffs” if its government approves a TikTok deal his administration brokered.
President Donald Trump said Wednesday evening he might give China “a little reduction in tariffs” if its government approves a TikTok deal his administration brokered.
“China is going to have to play a role in that,” he said at a news conference at the White House, “possibly in the form of an approval, maybe, and I think they’ll do that.”
Trump had signed a memorandum in February calling for “fair and reciprocal” trade tariffs on all major U.S. trading partners, including longtime allies. He previously announced that April 2, when sweeping trade levies are announced, would be “Liberation Day in America.”
The fate of the short-video app in the United States has been up in the air since last year, following the passage of a bipartisan law signed by President Joe Biden. Citing national security concerns, the legislation forces the platform’s Chinese owner, ByteDance, to sell the app to a non-Chinese buyer or face a nationwide ban.
Asked about Trump’s remarks on Thursday, the Chinese Foreign Ministry referred to past comments that TikTok has always complied with U.S. laws and regulations and the U.S. should provide an open and nondiscriminatory environment for businesses from all countries.
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