US President Donald Trump signaled openness to lowering tariffs on China to facilitate a deal with ByteDance, TikTok’s parent company, as the April 5 deadline for divestment nears. The 2024 law mandates ByteDance to secure a non-Chinese buyer or face a ban due to national security concerns.
Trump hinted at a possible deadline extension, stating, “Maybe I’ll give them a little reduction in tariffs or something to get it done.” Meanwhile, the White House remains involved in negotiations as investors seek to increase stakes in TikTok’s US operations.
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The issue unfolds amid escalating US-China trade tensions, with Trump imposing additional 20% tariffs on Chinese imports in February and China retaliating. Despite previous efforts to ban TikTok, Trump now actively uses the platform for his campaign, boasting 15 million followers.
His willingness to adjust tariffs underscores the high stakes of securing TikTok’s future in the US.
