Trump is ready to lower tariffs for China for the sake of a deal on TikTok – Bloomberg

US President Donald Trump has said he will consider reducing tariff rates imposed on China to secure Beijing’s support for the sale of the TikTok social network by its parent company ByteDance. This was reported by UNN with reference to Bloomberg.

Details

Trump suggested that “to force China” to agree to the sale, “maybe I would lower tariffs on them.”

Each item in the tariffs is worth more than TikTok

The head of the White House hopes to agree on at least a scheme for a deal on TikTok by next week. At the same time, according to him, if an agreement is not reached, he will take measures to extend the deadline.

We will have some form of agreement, but if it is not completed, it will not be a big agreement. We’ll just continue it. I have the right to have an agreement and continue it if I want to

The publication reminds that according to the law signed last year by President Joe Biden, ByteDance was obliged to sell TiKTok’s operations in the United States by January 19. The service briefly suspended its services earlier this year, but a complete shutdown was barely avoided when Trump signed an order postponing the implementation of this law by 90 days – until April 5.

Recall

It became known the other day that large ByteDance investors are studying an agreement with Oracle to assure the US that China does not control TikTok. Investors are seeking to buy out Chinese stakes and protect user data.

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