President Donald Trump said he may reduce tariffs on China to facilitate a deal that would result in ByteDance selling the U.S. operations of TikTok.
China “is going to have to play a role” in approving a TikTok-related divestiture, Trump said in a press conference Wednesday.
“Maybe I’ll give them a little reduction in tariffs or something to get it done,” Trump said. “TikTok is big, but every point in tariffs is worth more than TikTok.”
Although a national security law requires ByteDance to divest TikTok’s U.S. operations or face an effective ban in the country, Trump in January signed an executive order that delayed the deadline for a deal to April 5. Trump has previously said that he wants the U.S. to maintain a 50% ownership position in TikTok via a joint venture.
It’s possible he will extend the TikTok deadline again, Trump said Wednesday. […]
— Read More: www.cnbc.com
